What is the deadline for a Degree Wellness franchisee to complete all training requirements?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
a. You agree at your own expense to do the following (i) within 12 months of the date of this Agreement, or (ii) if you sign this Agreement pursuant to the purchase of a Development Agreement, by the Opening Deadline defined in Exhibit 1:
(6) cause all the training requirements of Section 4 to be completed prior to commencing operations;
15.1 Event of Default. Subject to applicable law, you will be deemed to be in default under this Agreement, and we will have the right to terminate this Agreement effective upon delivery of notice of termination to you, subject only to any right to cure to the extent expressly set forth below or mandated pursuant to applicable law, if:
a. you do not develop or open the Franchise, or you (or any individuals required to attend) fail to attend and/or successfully complete any required initial training or subsequent mandatory training, in accordance with all terms and conditions (including, without limitation, time limits) provided for in this Agreement;
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, franchisees must complete all training requirements before commencing operations. Specifically, Section 3.3(a)(6) states that franchisees must ensure all training requirements outlined in Section 4 are fulfilled prior to opening their Degree Wellness franchise.
Item 3.3(a) outlines several key steps a franchisee must complete within 12 months of signing the Franchise Agreement or by the Opening Deadline defined in Exhibit 1 if the agreement is signed pursuant to purchasing a Development Agreement. These steps include securing financing, obtaining necessary permits and licenses, constructing and decorating the franchise location, purchasing and installing equipment, and acquiring necessary insurance policies. Completing the training requirements is one of fifteen steps that must be completed before opening the franchise for business.
Furthermore, Item 15.1(a) indicates that failure to successfully complete any required initial training or subsequent mandatory training, in accordance with all terms and conditions (including time limits) provided for in the Agreement, constitutes an event of default. This means Degree Wellness has the right to terminate the Franchise Agreement if the franchisee does not meet the training requirements within the specified timeframe. Prospective franchisees should carefully review Section 4 of the Franchise Agreement to understand the specific training requirements and ensure they can meet these obligations before commencing operations.