Under what circumstances can either party terminate the Healthsource Chiropractic agreement with 60 days' notice?

According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the Management Company or Licensed Provider can terminate their agreement with 60 days' written notice prior to the end of the initial term or current renewal term. The initial term of the agreement continues until the end of the Franchise Agreement Initial Term. The agreement automatically renews for one-year periods after the initial term, unless either party provides written notice of non-renewal at least 60 days before the end of the current term.

This means that a Healthsource Chiropractic franchisee has the option to end the agreement at the conclusion of either the initial term or any subsequent renewal term. However, they must provide a written notice to the other party at least 60 days in advance. Failing to provide timely notice will result in automatic renewal for another year.

This clause provides a degree of flexibility for both parties, allowing them to reassess their partnership at regular intervals. It is important for a prospective Healthsource Chiropractic franchisee to understand these terms, as failing to adhere to the notification timeline could result in an unwanted extension of the agreement. Franchisees should mark these dates on their calendar and carefully consider their options well in advance of the renewal deadline.