What section of the Degree Wellness Franchise Agreement specifies the length of the franchise term?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 49–59)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the length of the franchise term is specified in Section 2.1 of the Franchise Agreement. The standard franchise term for a Degree Wellness franchise is 10 years. This means a franchisee can operate their Degree Wellness studio for a decade before needing to renew the agreement.
Section 2.4 of the Franchise Agreement outlines the terms for renewal or extension, allowing for additional terms of 10 years. This provides an opportunity for franchisees to continue their business operations under the Degree Wellness brand, assuming they meet the renewal requirements.
Understanding the initial term and renewal options is crucial for prospective Degree Wellness franchisees as it impacts their long-term business planning and investment decisions. Franchisees should carefully review Sections 2.1 and 2.4 of the Franchise Agreement to fully understand the terms and conditions related to the franchise term and renewal process.