Does Degree Wellness include a General Release Agreement as an exhibit to the Disclosure Document?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit B | Franchise Agreement (including as exhibits an Owner's Guaranty and Assumption of Franchisee's Obligations, Agreement, and other |
|---|---|
| documents) | |
| Exhibit C | Development Agreement |
| Exhibit F | Sample Studio Management Agreements or Staffing Agreements |
| Exhibit H | General Release Agreement |
Source: Item 22 — Contracts (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, a General Release Agreement is included as an exhibit. Specifically, Exhibit H to the FDD is the General Release Agreement. This means prospective franchisees will have the opportunity to review the terms of this agreement, which typically involves waiving certain rights or claims against Degree Wellness, before signing the franchise agreement.
The inclusion of a General Release Agreement is a common practice in franchising. It is used to protect the franchisor from potential liabilities. Franchisees should carefully review this document with legal counsel to fully understand its implications. It is important to understand what rights you are waiving and under what circumstances the release applies.
As a prospective Degree Wellness franchisee, it is crucial to understand the scope and impact of the General Release Agreement. You should seek legal advice to assess how it affects your rights and obligations. Understanding this agreement is a key part of your due diligence before investing in a Degree Wellness franchise.