Under what conditions will the Healthsource Chiropractic Development Agreement expire?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
documents created by Customer using the HealthCore Business Services. Customer's data hosted by HealthCore pursuant to the HealthCore Business Services hereby procured by Customer is the sole property of the Customer. HealthCore will not use, distribute, sell or allow the viewing of such data by any other party other than Customer, without Customer's express written permission, which express permission is hereby granted to HealthCore solely as may be required from time to time to enable HealthCore to provide the HealthCore Business Services hereby contemplated.
ARTICLE 9 — TERM AND TERMINATION
-
- TERM. This Agreement will commence as of the date of signing and shall continue thereafter until terminated in accordance with this Agreement.
-
- TERMINATION BY HEALTHCORE. In addition to HealthCore's right to immediately suspend or terminate service as elsewhere provided in this Agreement, HealthCore shall have the right, upon thirty (30) days' prior written notice to Customer, to terminate this Agreement. Service shall terminate on the last day of the month following HealthCore's notice of termination.
-
- TERMINATION BY CUSTOMER. Customer will have the right, after the first one hundred eighty (180) days this Agreement is in effect, to terminate this Agreement upon thirty (30) days' prior written notice to HealthCore if Customer's HealthSource Chiropractic franchise has terminated or expired. Service shall terminate on the last day of the month following Customer's notice of termination.
4.TERMINATION FOR CEASING TO BE A HEALTHSOURCE FRANCHISEE IN GOODSTANDING.
In the event that Customer ceases to be a franchisee in good standing with HealthSource Chiropractic, this Agreement is subject to suspension and/or termination upon notice to Customer, if HealthSource Chiropractic notifies HealthCore that Customer is not in good standing under their franchise agreement.
5.OBLIGATIONS UPON TERMINATION OR EXPIRATION AND NON-RENEWAL.
Upon the expiration and non-renewal or termination of this Agreement for any reason: (a) Customer's access to, and use of, the HealthCore Business Services will terminate; (b) Customer will return to HealthCore any and all HealthCore Business Services, equipment, software, documentation or other deliverables provided to Customer by HealthCore including any copies thereof held by Customer; c) HealthCore will deliver to Customer all Customer documents and other materials stored by Customer on the HealthCore system; and (d) each party shall return any and all Confidential Information in its possession to the party that disclosed such Confidential Information and provide written verification of same. HealthCore shall provide to Customer, upon payment by Customer of all amounts that may be due and owing to HealthCore a CSV format electronic copy of Customer's data for importation by Customer into Customer's new software program, provided the new software provider is able to build a template to align data fields to the new software's data fields. HealthCore shall also provide, within four weeks of the end of the month of termination, PDF versions of EHR records, account ledgers and scanned records, if any, not included as part of the EHR records. Customer is responsible for making time available within that four-week period for the PDF documentation to be downloaded onto Customer's computer.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the franchise agreement commences on the date of signing and continues until terminated in accordance with the agreement. The initial term of the agreement is 10 years, with the expiration date listed on Exhibit 1. Termination or expiration of the agreement also terminates the franchisee's rights to use Healthsource Chiropractic's marks or confidential information.
HealthCore, not Healthsource Chiropractic, has the right to terminate the agreement with a 30-day prior written notice to the customer. The service will terminate on the last day of the month following HealthCore's notice of termination. The customer also has the right to terminate the agreement after the first 180 days, with a 30-day prior written notice to HealthCore, if the customer's Healthsource Chiropractic franchise has terminated or expired.
Additionally, if the customer ceases to be a franchisee in good standing with Healthsource Chiropractic, the agreement is subject to suspension or termination upon notice to the customer, provided Healthsource Chiropractic notifies HealthCore that the customer is not in good standing under their franchise agreement. The franchisee must operate the franchise and fulfill all obligations for the entire initial term and any subsequent renewals or extensions.