How much advance written notice must a Degree Wellness franchisee provide for any material modification, cancellation, or expiration of any insurance policy?

According to Degree Wellness's 2025 Franchise Disclosure Document, a franchisee must provide 30 days' advance written notice to Degree Wellness regarding any material modification, cancellation, or expiration of any insurance policy. This requirement ensures that Degree Wellness is informed of any changes to the franchisee's insurance coverage, allowing them to assess and mitigate any potential risks.

This notification period allows Degree Wellness to review the changes and ensure that the franchisee maintains adequate insurance coverage as mandated by the franchise agreement. It also provides Degree Wellness with sufficient time to take necessary actions, such as obtaining insurance coverage on the franchisee's behalf if the franchisee fails to do so, although they are not obligated to do so.

Franchisees should be aware of this requirement and diligently track their insurance policies to provide timely notice to Degree Wellness. Failure to provide the required notice could result in Degree Wellness taking action to secure insurance coverage at the franchisee's expense, as well as potentially other penalties for violating the franchise agreement.