What is the definition of 'Agreement' in the Degree Wellness Washington Addendum?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| AGREEMENTS | of |
|---|---|
| (the | |
| "Addendum") | |
| is | |
| made | |
| and | |
| entered | |
| into | |
| this | |
| day | |
| , 20, by and between Degree Wellness | |
| Franchise, LLC, a Delaware limited | |
| liability | a |
| company | |
| ("Franchisor"), | |
| and | |
| , | |
| 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. |
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, specifically the Washington Addendum, the term "Agreement" refers to the existing Franchise Agreement between Degree Wellness Franchise, LLC (the Franchisor) and the Franchise Owner. The Addendum is designed to be attached to and form a part of this pre-existing Franchise Agreement. This ensures that the terms outlined in both documents are read and understood together.
For a prospective Degree Wellness franchisee in Washington, this means that the Washington Addendum modifies or supplements the original Franchise Agreement. It is crucial to understand how the Addendum alters the original agreement, as it could include state-specific regulations or clarifications that impact the franchisee's rights and obligations.
Therefore, when reviewing the franchise documents, a potential franchisee should pay close attention to how the Addendum interacts with the Franchise Agreement. This includes understanding any modifications to fees, operational procedures, or legal requirements specific to Washington State. Consulting with a franchise attorney is advisable to fully grasp the implications of the Addendum and how it affects the franchisee's investment and operations.