What is the definition of 'Parties' in the Degree Wellness Washington Addendum?

According to Degree Wellness's 2025 Franchise Disclosure Document, specifically referencing the Washington Addendum, the term 'Parties' refers collectively to the Franchisor and the Franchise Owner. The franchisor is Degree Wellness Franchise, LLC, a Delaware limited liability company. The franchise owner is identified as a corporation, limited liability company, or partnership. This definition is relevant within the context of the Franchise Agreement and the attached Addendum, clarifying who is bound by the terms and conditions outlined in those documents.

This definition is important because it establishes the legal entities that are entering into the agreement. Knowing who the 'Parties' are is crucial for understanding the rights, responsibilities, and obligations outlined in the franchise agreement. Any legal disputes or interpretations of the agreement will hinge on this definition.

Prospective Degree Wellness franchisees in Washington should pay close attention to this definition to ensure they understand who the agreement legally binds. If the franchisee is a business entity (corporation, LLC, or partnership), the individuals signing on behalf of that entity should understand their roles and responsibilities. This also highlights the importance of reviewing the entire Franchise Agreement and any addenda with legal counsel to fully grasp the implications of being a 'Party' to the agreement.