After signing the Degree Wellness Receipt forms, who keeps each original?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Following Exhibit J are 2 blank originals of a detachable Receipt form to be signed by you. Please sign both originals. We will keep one signed original, and you will keep the other.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, after signing the detachable receipt form, both the franchisee and Degree Wellness will each retain one original signed copy. This procedure ensures that both parties have a record of acknowledging the receipt of the FDD, which is a crucial step in the franchise disclosure process.
This requirement is standard practice in franchising, as it provides documented proof that the franchisee received the FDD within the mandated timeframe, allowing them adequate time to review the document before making any commitments. The receipt serves as evidence that Degree Wellness has fulfilled its legal obligation to provide the FDD to the prospective franchisee.
For a prospective Degree Wellness franchisee, this means carefully reviewing the FDD upon receipt and signing both copies of the receipt form. They should retain their copy in a safe place as proof of compliance. This receipt could be important in the event of any future disputes or misunderstandings regarding the disclosure process.