What is the date of the Degree Wellness Franchise Agreement?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
-opening obligations under the franchise agreement.
- T. Limitation of Indemnification. Section 8.3(d) of the Franchise Agreement is amended to provide that a Franchisee need not indemnify the Franchisor for the Franchisor's own negligence, willful misconduct or strict liability.
- U. Liquidated Damages. Section 17.8(b) of the Franchise Agreement is amended to provide that a Liquidated Damages will be limited to actual damages.
IN WITNESS WHEREOF, the Parties hereto affix their signatures and execute this Addendum as of the day and year first above written.
FRANCHISOR:
| Degree Wellness Franchise, LLC, a limited liability company | Delaware |
|---|---|
| By: | |
| Title: | |
| FRANCHISE OWNER: | |
| By: | |
| Title: |
CALIFORNIA AMENDMENT TO DEVELOPMENT AGREEMENT
THIS AMENDMENT TO DEVELOPMENT AGREEMENT ("Amendment") dated is intended to be a part of, and by this reference is incorporated into that certain Development Agreement (the "Development Agreement") dated by and between Degree Wellness Franchise, LLC ("Franchisor"), a Delaware limited liability company, with its principal office in Jacksonville, Florida, and ("you" or "Developer"). Defined terms contained in the Development Agreement shall have the identical meanings in this Amendment. Reserved above. FRANCHISE, LLC DEGREE WELLNESS IN WITNESS WHEREOF, the parties have executed this Amendment on the date first shown DEVELOPER
ILLINOIS AMENDMENT TO DEVELOPMENT AGREEMENT
| THIS | AMENDMENT | TO | DEVELOPMENT | AGREEMENT | ("Amendment") | dated | |||
|---|---|---|---|---|---|---|---|---|---|
| is intended to be a part of, and by this reference is incorporated into that | |||||||||
| certain Development Agreement (the "Development Agreement") dated | |||||||||
| by and between Degree Wellness | Franchise, LLC ("Franchisor"), a Delaware limited liability | ||||||||
| company, | with | its | principal | office | in | Jacksonville, | Florida, | and | |
| ("you" or "Developer"). Defined terms contained in the | |||||||||
| Development Agreement shall have the identical meanings in this Amendment. |
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
The 2025 Degree Wellness Franchise Disclosure Document (FDD) does not explicitly state the date of the standard Franchise Agreement. However, several excerpts refer to amendments to the Development Agreement and Franchise Agreement, indicating that these agreements have specific dates. For example, the South Dakota Amendment to the Franchise Agreement includes the phrase "THIS AMENDMENT TO FRANCHISE AGREEMENT ('Amendment') dated , is intended to be a part of, and by this reference is incorporated into that certain Development Agreement ('Franchise Agreement') dated." This implies that both the amendment and the original agreement have dates, but the specific dates are left blank in this excerpt. Similarly, the Amendment to Development Agreement includes the phrase "THIS AMENDMENT TO DEVELOPMENT AGREEMENT ('Amendment') dated is intended to be a part of, and by this reference is incorporated into that certain Development Agreement (the 'Development Agreement') dated by and between Degree Wellness Franchise, LLC ('Franchisor')." Again, the dates are not provided in the excerpt.
Prospective Degree Wellness franchisees should note that the absence of these dates in the FDD excerpts means they will need to obtain this information directly from the franchisor during their due diligence. Knowing the exact dates of these agreements is crucial for understanding the full context of any amendments and the obligations of both the franchisee and franchisor.
To gain clarity, a potential Degree Wellness franchisee should ask the franchisor for a complete copy of the Franchise Agreement and Development Agreement, including all exhibits and amendments, to verify the dates and ensure they understand all contractual obligations before signing. They should also consult with a franchise attorney to review these documents and advise them on their rights and responsibilities.