Does Degree Wellness include Multi-State Addenda and Agreement Riders as exhibits?
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 |
| Exhibit I | Transfer Agreement |
| Exhibit J | Supplemental Agreements |
| Exhibit K | Multi-State Addenda and Agreement Riders |
Source: Item 22 — Contracts (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the document includes Multi-State Addenda and Agreement Riders as exhibits. Specifically, Exhibit K lists the Multi-State Addenda and Agreement Riders. This inclusion suggests that Degree Wellness anticipates franchisees operating in multiple states and has prepared specific legal addenda to address varying state laws and regulations.
For a prospective franchisee, this is beneficial because it indicates that Degree Wellness has experience navigating different state-specific legal landscapes. It also means that the Franchise Agreement is likely to be modified by these addenda to comply with the laws of the franchisee's specific state. This can cover areas such as franchise registration, renewal, termination rights, and other state-specific requirements.
Franchisees should carefully review Exhibit K and any addenda applicable to their state to understand their rights and obligations fully. It is also advisable to consult with a legal professional experienced in franchise law to ensure complete comprehension of the Multi-State Addenda and Agreement Riders and how they impact the Franchise Agreement within their specific state.