What documents are required to be signed for the renewal of a Degree Wellness franchise?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| including the Operations Manual. At | ||
| least 6 months before the expiration | ||
| of your franchise, we will notify you | ||
| as to whether you appear eligible to | ||
| renew the Franchise or, if applicable, | ||
| we will provide you with a notice of | ||
| deficiencies. | ||
| If you appear to be | ||
| eligible for renewal, we will ask you | ||
| to provide us with notice of your | ||
| intent to renew within a specific time | ||
| period after receipt of our notice. | ||
| Also, you must: maintain possession | ||
| of | ||
| premises | ||
| and | ||
| refurbish | ||
| and | ||
| redecorate in compliance with our | ||
| then current requirements or obtain | ||
| and | ||
| develop | ||
| suitable | ||
| substitute | ||
| premises; correct any deficiencies in | ||
| the | ||
| operation | ||
| of | ||
| the | ||
| franchise | ||
| identified in our written notice to you | ||
| prior to expiration; sign our then | ||
| current franchise agreement and any | ||
| ancillary documents; pay a renewal | ||
| fee (see Item 6); and sign a general | ||
| release of any and all claims against | ||
| us, our officers, directors, employees | ||
| and agents (see Exhibit H). You may | ||
| be asked to sign a contract with | ||
| materially | ||
| different | ||
| terms | ||
| and | ||
| conditions | ||
| than | ||
| your | ||
| original | ||
| Franchise Agreement. | ||
| Your right to | ||
| renew will be contingent upon your | ||
| acceptance of these new terms and | ||
| conditions. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 49–59)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, to renew a franchise for an additional 10-year term, a franchisee must sign the then-current franchise agreement, any ancillary documents, and a general release of any and all claims against Degree Wellness, its officers, directors, employees, and agents.
The new franchise agreement that Degree Wellness requires franchisees to sign may contain materially different terms and conditions than the original Franchise Agreement. The franchisee's right to renew is contingent upon their acceptance of these new terms and conditions.
In addition to signing the required documents, the franchisee must maintain possession of the premises and refurbish and redecorate in compliance with Degree Wellness's then-current requirements or obtain and develop suitable substitute premises. They must also correct any deficiencies in the operation of the franchise identified in Degree Wellness's written notice to them prior to expiration and pay a renewal fee, as detailed in Item 6 of the FDD.