What is the name of the agreement that Degree Wellness Franchisees previously entered into with the Franchisor?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| WHEREAS, Franchisor and Franchisee previously entered into that certain Franchise | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Agreement, dated (as amended to date, the "Franchise Agreement"), | ||||||||||
| granting | to | Franchisee (the "Franchise"); | that | certain | Degree | Wellness | Studio | franchise | located | in |
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the agreement that the franchisee previously entered into with Degree Wellness is called the "Franchise Agreement". The document refers to this agreement in the context of outlining the rights and obligations of both the franchisor and the franchisee.
Specifically, the Franchise Agreement grants the franchisee the right and obligation to develop and operate a Degree Wellness Studio. This agreement also dictates the terms and conditions under which the studio must operate, including site approval and adherence to prescribed lease terms. Degree Wellness retains the right to approve the studio's site and can condition its approval on the inclusion of specific lease terms if the premises are leased.
Prospective franchisees should carefully review the Franchise Agreement to fully understand their rights, obligations, and the conditions under which they will operate their Degree Wellness Studio. Understanding the Franchise Agreement is crucial before making any commitments.