In the Degree Wellness Franchise Agreement, who are the parties involved?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Degree Wellness Franchise, LLC, or its affiliates, and their successors or assigns ("Franchisor") franchises the operation of a studio, (each "Degree Wellness Studio" or "Studio") featuring innovative self-care solutions that leverage heat, cold, light and advanced nutrients to enhance physical and mental health, and offers related products and merchandise under the name Degree Wellness and/or other trademarks, service marks, logos, and other indicia of origin prescribed by Franchisor (collectively, the "Proprietary Marks").
- B. Franchisee has acquired the right and has undertaken the obligation to develop and operate a Degree Wellness Studio pursuant to the terms and conditions of a certain franchise agreement between Franchisee and Franchisor ("Franchise Agreement").
- C. Under the terms and conditions of the Franchise Agreement, Franchisor has the right to approve the site for the Studio; and if the Studio premises will be occupied pursuant to a commercial lease, Franchisor has prescribed certain lease terms and has the right to condition its approval of a proposed site on inclusion of the prescribed lease terms.
- D. Franchisee desires, and has requested Franchisor's approval, to develop and operate one Degree Wellness Studio at the premises ("Premises") identified in the attached lease ("Lease").
- E. Landlord desires to lease to Franchisee the Premises for purposes of developing and operating one Degree Wellness Studio.
- F. The parties desire to modify and amend the Lease in accordance with the terms and conditions contained herein for purposes of obtaining Franchisor's approval.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to the 2025 Degree Wellness Franchise Disclosure Document, the parties involved in the Franchise Agreement are the Franchisor, the Franchisee, and potentially a Landlord. Degree Wellness Franchise, LLC, or its affiliates, is identified as the Franchisor, responsible for franchising the operation of Degree Wellness Studios. The Franchisee is the party acquiring the right and obligation to develop and operate a Degree Wellness Studio under the terms of the Franchise Agreement.
Additionally, if the Studio premises are to be occupied under a commercial lease, the Landlord becomes a party involved, particularly in the context of site approval and lease terms. The Franchisor has the right to approve the site and may prescribe specific lease terms that the Landlord must agree to. This ensures that the location and lease conditions align with Degree Wellness's standards and operational requirements.
In summary, the core parties are Degree Wellness as the Franchisor and the individual or entity becoming the Franchisee. The Landlord's involvement is contingent upon the necessity of a commercial lease for the Studio premises, making them a party to specific aspects of the agreement related to the property and its usage.