Are Degree Wellness franchisees subject to any confidentiality provisions that would limit their ability to speak with potential franchisees?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
None of our franchisee are subject to confidentiality provision that would limit their ability to speak with you. There are no franchisee organizations sponsored or endorsed by us and no independent franchisee organizations have asked to be included in this disclosure document. During the last three (3) fiscal years, no current or former franchisees have signed confidentiality clauses that restrict them from discussing with you their experiences as a franchisee in our franchise system.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, current Degree Wellness franchisees are not subject to confidentiality provisions that would limit their ability to speak with potential franchisees. The document explicitly states that no current or former franchisees have signed confidentiality clauses restricting them from discussing their experiences as a franchisee with prospective franchisees during the last three fiscal years. This indicates that potential franchisees can freely communicate with current and former franchisees to gather information about the franchise system.
This lack of confidentiality restrictions is beneficial for prospective franchisees as it allows them to conduct thorough due diligence by speaking openly with current and former franchisees. They can inquire about various aspects of the business, including financial performance, operational challenges, and the level of support provided by Degree Wellness, without worrying about franchisees being constrained by confidentiality agreements. This transparency can help potential franchisees make informed decisions about investing in a Degree Wellness franchise.
It is important to note that while franchisees are not restricted by confidentiality clauses from discussing their experiences, they are still obligated to maintain the absolute confidentiality of Degree Wellness's confidential information during and after the agreement term. This confidential information includes services and products offered, sales and profit performance, sources of products, advertising and promotional programs, methods, techniques, and copyrighted materials. However, these confidentiality obligations pertain to protecting Degree Wellness's proprietary information and do not prevent franchisees from sharing their overall experiences and opinions about the franchise with potential buyers.