What is the effective date that starts the Degree Wellness Development Agreement?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
This Development Agreement ("Agreement") made effective as of ("Effective Date") by and between Degree Wellness Franchise, LLC, a Delaware limited liability company with a business address at 200 Riverside Ave., Jacksonville, FL 32202 (the "Franchisor", "we", or "us",); and, a (resident of) (corporation organized in) (limited liability company organized (the "Developer", "you" or "your"). in) with a business address at
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the Development Agreement becomes effective as of the date specified in the agreement. The agreement states, "This Development Agreement ('Agreement') made effective as of ('Effective Date') by and between Degree Wellness Franchise, LLC..." This means that the start date of the agreement is formally recognized as the 'Effective Date,' which is to be determined and entered into the agreement.
For a prospective Degree Wellness developer, this means the actual commencement of their rights and obligations under the Development Agreement hinges on this 'Effective Date.' It marks the point from which the developer can start taking concrete steps, such as site selection and securing financing, towards establishing Degree Wellness studios in their designated area.
It is important for the developer to understand how this date is determined, whether it is tied to the signing of the agreement, receipt of payment, or some other milestone. The developer should clarify with Degree Wellness what conditions must be met for the 'Effective Date' to be formally recognized, as this will dictate the timeline for fulfilling their development obligations.