Does the Degree Wellness agreement specify any financial thresholds related to the confidentiality or non-disparagement clauses?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree that during the Term of this Agreement, and thereafter following any Transfer, termination or expiration of this Agreement, neither you, nor any Principal Owner, nor any member of your immediate family or of the immediate family of any Principal Owner, will directly or indirectly make any negative or critical statements to any third parties, either verbally or in any other form or media, about (a) us, the Franchise, any of our franchisees, or any of their respective products, services, businesses or business practices, or (b) the actions, operations or character of any of our or their respective owners, officers, directors, employees, consultants or agents.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
The 2025 Degree Wellness Franchise Disclosure Document outlines confidentiality and non-disparagement clauses but does not specify any financial thresholds related to these clauses. The confidentiality clause states that franchisees must maintain the absolute confidentiality of Degree Wellness's confidential information during and after the term of the agreement. This includes not disclosing it to any third party and implementing procedures to prevent unauthorized use or disclosure.
The non-disparagement clause states that franchisees, principal owners, and their immediate family members cannot make any negative or critical statements about Degree Wellness, its franchisees, or their respective businesses. This restriction applies during the term of the agreement and even after its transfer, termination, or expiration.
Since there are no financial thresholds mentioned, these obligations apply regardless of the financial performance or status of the franchise. A prospective franchisee should seek clarification from Degree Wellness regarding any specific scenarios or interpretations of these clauses to fully understand their obligations and potential liabilities.