What is the definition of 'Addendum' in the Degree Wellness Washington Addendum?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS ADDENDUM TO FRANCHISE AGREEMENT (the "Addendum") is made and entered into this day of, 20, by and between Degree Wellness Franchise, LLC, a Delaware limited liability company ("Franchisor"), and , a corporation/limited liability company/partnership (circle one) ("Franchise Owner") (collectively, Franchisor and Franchise Owner are referred to hereinafter as the "Parties"), and is attached to and made part of that certain Franchise Agreement dated, 20, (the "Agreement") between the Parties.
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.
WASHINGTON AMENDMENT TO DEVELOPMENT AGREEMENT
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
The 2025 Degree Wellness Franchise Disclosure Document (FDD) does not explicitly define the term 'Addendum' within the Washington Addendum. However, the document includes examples of addenda and amendments in other states that provide context. For instance, the Minnesota Amendment to Franchise Agreement is referred to as an 'Addendum' and is described as being attached to and made part of the existing Franchise Agreement. Similarly, there are references to 'Amendment to Development Agreement' for South Dakota and Washington, indicating that these documents modify existing agreements.
Based on these examples, it can be inferred that an 'Addendum' or 'Amendment' serves to modify or add to the original franchise agreement, tailoring it to specific state laws or requirements. These modifications can cover various aspects, such as financial assurances, compliance with state statutes, or specific terms related to development agreements. The Washington Addendum likely contains provisions specific to Washington state laws or regulations that differ from the standard franchise agreement.
To fully understand the specific implications of the Washington Addendum, a prospective Degree Wellness franchisee should carefully review the complete Washington Addendum within the FDD and consult with a legal professional. Specifically, the franchisee should seek clarification from Degree Wellness regarding any clauses that modify the standard agreement and how those modifications affect their rights and obligations in Washington.