Does the Degree Wellness franchise agreement allow for involuntary transfers?

According to Degree Wellness's 2025 Franchise Disclosure Document, the franchise agreement addresses involuntary transfers specifically related to death or disability of the franchisee or a principal owner. In the event of death or permanent disability, the executor, administrator, conservator, or other personal representative is required to transfer the deceased or disabled person's interest within a period not exceeding twelve months to a person approved by Degree Wellness.

This transfer is subject to all the standard terms and conditions for assignments and transfers outlined in the franchise agreement. Failure to transfer the interest within the specified 12-month period can result in the termination of the franchise agreement. This clause ensures that the Degree Wellness franchise continues to operate under approved management even in unforeseen circumstances such as the franchisee's death or disability.

This provision is fairly standard in franchise agreements to protect the brand and ensure business continuity. It is important for prospective Degree Wellness franchisees to understand these conditions and consider them in their business and estate planning. Franchisees should clarify with Degree Wellness the specific procedures and criteria for approving a transferee in such situations to ensure a smooth transition if the need arises.