factual

What is Degree Wellness's role in approving the agreement between the Licensed Provider and the Management Company?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (b) The Franchise Agreement is in full force and effect and Degree Wellness has been provided with a true, correct and complete copy of this Agreement and has approved it as to form and content (provided, however, that Licensed Provider and Management Company acknowledge and agree that such consent does not mean Degree Wellness has reviewed or approved the legality of this Agreement with respect to applicable state or local laws governing Licensed Provider or agreements of this nature).

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, Degree Wellness must be provided with a true, correct, and complete copy of the agreement between the Licensed Provider and the Management Company. Degree Wellness must also approve the agreement as to its form and content. However, Degree Wellness's approval does not constitute a review or approval of the agreement's legality with respect to applicable state or local laws governing Licensed Providers or agreements of this nature.

This means that while Degree Wellness ensures the agreement aligns with its brand standards and operational requirements, the responsibility for ensuring the agreement complies with all relevant laws and regulations falls on the Licensed Provider and the Management Company. A prospective franchisee should not rely on Degree Wellness's approval as a guarantee of legal compliance.

Degree Wellness also has specific rights regarding confidential information. The Licensed Provider must agree not to use confidential information in any business other than the Licensed Provider Services, maintain the confidentiality of the information, and implement procedures to prevent unauthorized use or disclosure. Degree Wellness is considered a third-party beneficiary of these agreements but is not obligated to enforce them.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.