What is the section number in the Degree Wellness Franchise Agreement that details 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 detailed in Section 2.1 of the Franchise Agreement. The initial term for a Degree Wellness franchise is 10 years.
This means that a new Degree Wellness franchisee will operate under the terms of the Franchise Agreement for a decade. After this initial period, the franchisee has the option to renew the agreement for an additional term, as detailed in Section 2.4, which also lasts 10 years.
Understanding the initial term and renewal options is crucial for any prospective franchisee. It dictates the length of their commitment to the Degree Wellness brand and the period over which they can build their business under the franchise system. Franchisees should carefully consider these terms and conditions before entering into an agreement.