Does the Degree Wellness Franchise Agreement allow for renewal or extension of the franchise term?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
| c. Requirements for you to renew or extend | Section 2.4 | The term "renewal" means that you will be granted a franchise for 1 additional term, equal in length to the initial term, subject to your compliance with all the terms of the Franchise Agreement and all other agreements between you and us, |
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, the Franchise Agreement allows for renewal or extension of the franchise term. The initial franchise term is 10 years, as detailed in Section 2.1 of the Franchise Agreement. Franchisees have the option to renew for additional terms of 10 years, as stated in Section 2.4.
To renew the franchise, franchisees must comply with all the terms of the Franchise Agreement and any other agreements between them and Degree Wellness. The term "renewal" specifically means that the franchisee will be granted a franchise for one additional term, which is equal in length to the initial term.
This renewal option provides an opportunity for Degree Wellness franchisees to continue operating their business for an extended period, assuming they meet the franchisor's requirements and maintain compliance with the franchise agreement. It is common in the franchise industry to offer renewal options, allowing successful franchisees to continue leveraging the brand and business model.