factual

What is the date format used in the Degree Wellness general release agreement?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

THIS GENERAL RELEASE AGREEMENT ("Release") is made and entered into this day of, 20, by and between Degree Wellness Franchise,
LLC,

Source: Item 23 — Receipts (FDD pages 66–257)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, the general release agreement uses a date format that includes the day, but not the specific date, followed by "day of," then the month, and finally the year. For example, the agreement states "this day of, 20".

This format is used to indicate the date the agreement is made and entered into. The agreement is between Degree Wellness Franchise, LLC, and the franchisee, along with each shareholder/member/partner of the franchisee. The agreement references a previous Franchise Agreement with a similar date format.

Prospective franchisees should note the importance of carefully reviewing all agreements and understanding the dates and terms specified within them. This date is crucial for determining when the release becomes effective and for understanding the obligations and rights of all parties involved.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.