Does Degree Wellness provide a Transfer Agreement as an exhibit?
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)
Yes, according to Degree Wellness's 2025 Franchise Disclosure Document, a Transfer Agreement is included as an exhibit. Specifically, Exhibit I to the FDD contains the Transfer Agreement. This document outlines the terms and conditions under which a franchisee can sell or transfer their Degree Wellness franchise to another party.
For a prospective franchisee, the inclusion of a Transfer Agreement as an exhibit is important because it provides transparency regarding the process and requirements for transferring ownership. Reviewing this agreement allows potential franchisees to understand their rights and obligations if they decide to sell their franchise in the future. It also helps them assess the potential resale value of their Degree Wellness franchise.
In the franchise industry, it is common for franchisors to provide a Transfer Agreement as part of the FDD. This ensures that both the franchisor and franchisee are aligned on the transfer process, which typically involves franchisor approval of the new owner and adherence to specific transfer conditions. The presence of this agreement in Degree Wellness's FDD suggests a structured approach to franchise transfers, which can be beneficial for franchisees seeking an exit strategy.