Under what condition will the Healthsource Chiropractic agreement automatically renew for additional one-year periods?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.2 This Agreement will automatically renew for additional one (1) year periods following the end of the initial term unless Management Company or Licensed Provider provides written notice of non-renewal at least 60 days prior to the end of the initial term or current renewal term.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the agreement between the Management Company and the Licensed Provider will automatically renew for additional one-year periods. This automatic renewal occurs following the end of the initial term of the agreement.
However, this automatic renewal is not indefinite. Either the Management Company or the Licensed Provider can prevent the renewal by providing written notice of non-renewal. This notice must be given at least 60 days before the end of the current term, whether it's the initial term or a subsequent renewal term.
This clause ensures continuity unless either party actively decides to terminate the agreement, providing a stable operational framework for both the management and service provision aspects of the Healthsource Chiropractic franchise.