When does the Degree Wellness Franchise Agreement expire, assuming it is not terminated earlier?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1 Term; Reference to Exhibit 1. You have applied for a franchise to own and operate a Degree Wellness Studio, and we have approved your application in reliance on all of the representations you made in that application. As a result, and subject to the provisions of this Agreement, we grant to you
- a Franchise to operate a Studio offering all products, services, and proprietary programs of ours in accordance with all elements of the System, that we may require for Degree Wellness Studios.
You must operate the Franchise at a mutually agreeable site (the "Premises") to be identified after the signing of this Agreement, and to use the System and the Marks in the operation of that Franchise, for an "Initial Term" of 10 years.
The Initial Term will begin on the Agreement Date, unless you are assuming the Franchise pursuant to a Transfer, in which case the length of the Initial Term shall be determined by the applicable Transfer Agreement.
To avoid uncertainty, the expiration date of the Initial Term is listed on Exhibit 1.
Termination or expiration of this Agreement will constitute a termination or expiration of your Franchise and the rights you received in connection with the Franchise, including your rights to use the Marks or any portion of the Confidential Information (defined below).
All references to the "Term of this Agreement" refer to the period from the Agreement Date to the date on which this Agreement actually terminates or expires.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to the 2025 Degree Wellness Franchise Disclosure Document, the initial term of a Degree Wellness franchise agreement is 10 years. The agreement begins on the 'Agreement Date'. However, if the franchise is being transferred, the initial term's length will be determined by the transfer agreement. The exact expiration date of the initial term is specified in Exhibit 1 of the Franchise Agreement.
For a prospective franchisee, this means the standard franchise term is a decade long. It is important to check Exhibit 1 of the Franchise Agreement to confirm the specific expiration date, as this date is not universally set but depends on when the agreement was signed.
It's also important to understand the conditions for early termination, as outlined elsewhere in the FDD, since the agreement may end before the stated expiration date under certain circumstances. Franchisees should be aware of their obligations to operate the franchise for the entire initial term and any subsequent renewals or extensions.