Under the Healthsource Chiropractic agreement, can the agreement be executed in multiple counterparts?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
The parties to this Agreement now execute and deliver this Agreement in multiple counterparts as of the date of the last signature below.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Agreement, the agreement can be executed and delivered in multiple counterparts. This means that the agreement does not require all parties to sign the same physical document. Instead, each party can sign a separate copy (or "counterpart") of the agreement, and all of these signed copies together constitute the complete and binding agreement.
For a prospective Healthsource Chiropractic franchisee, this offers flexibility and convenience during the signing process. It allows each party to sign the agreement at different times and locations, which can be particularly useful if the franchisee and Healthsource Chiropractic representatives are not in the same geographic area. This is a fairly standard practice in franchising and business contracts in general.
It is important to note that all counterparts must be identical in content to ensure that all parties are agreeing to the same terms and conditions. The agreement becomes effective on the date of the last signature, meaning the date when the final counterpart is signed and delivered.