What exhibit contains the Degree Wellness area development agreement?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Multi-Unit Offering. We may offer qualified individuals and entities the right to open and operate multiple Studios within a mutually-agreed upon geographical area (the "Site Selection Area") under our current form of area development agreement that is attached to this Disclosure Document as Exhibit C (the "Development Agreement"), which will also outline a schedule or defined period of time in which you must open and commence operating each Studio (a "Development Schedule"). You will sign a Franchise Agreement for the initial Studio you commit to develop within your Development Area at the same time you sign your Development Agreement, and you will eventually need to sign our then-current form of franchise agreement for each of the Studios you open under the Development Schedule that may contain materially different terms than your initial form of agreement. If we award you multi-unit development rights under a Development Agreement, your Site Selection Area, Development Schedule and Development Fee will vary based on the number of franchises you commit and are awarded the right to develop.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–12)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the area development agreement is included as Exhibit C. This agreement, officially termed the "Development Agreement," outlines the terms under which qualified individuals or entities can secure the rights to establish and manage multiple Degree Wellness studios within a specific geographic area, referred to as the "Site Selection Area."
For prospective multi-unit franchisees, the Development Agreement is a crucial document. It not only grants the right to develop multiple studios but also specifies a "Development Schedule." This schedule dictates the timeline within which each studio must be opened and operational. Simultaneously with the Development Agreement, the franchisee will sign a Franchise Agreement for the initial studio they commit to developing.
It's important to note that while the initial Franchise Agreement is signed concurrently with the Development Agreement, subsequent studios opened under the Development Schedule will be governed by the franchisor's then-current form of franchise agreement. These later agreements may contain terms that differ materially from the initial agreement. The specific Site Selection Area, Development Schedule, and the associated Development Fee will vary depending on the number of franchises the developer commits to and is authorized to develop.