Are there any agreements, other than the Franchise Agreement, that a Degree Wellness franchisee must comply with for renewal?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Development Agreement | Summary | |
|---|---|---|---|
| a. | Length of the franchise term | Section 6.1 | The term begins on the effective date and ends on the earlier of the date you open the last Studio you are required to open under your Development Schedule or the expiration of your Development Schedule. |
| b. | Renewal or extension of the term | Not Applicable | Not Applicable |
| c. | Requirements for franchisee to renew or extend | Not Applicable | Not Applicable |
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 requirements for renewal or extension of the franchise term are 'Not Applicable'. This suggests that there are no additional agreements or specific requirements outlined in this document beyond the initial Franchise Agreement that a franchisee must adhere to for renewal.
However, it is important to note that while the table indicates 'Not Applicable,' this does not definitively confirm the absence of other potential agreements. It simply means that Item 17 of the FDD does not explicitly address renewal requirements or mention additional agreements related to renewal.
A prospective Degree Wellness franchisee should directly confirm with the franchisor whether any other agreements, conditions, or requirements exist for franchise renewal that are not detailed in Item 17 of the FDD. This could include addenda, amendments, or other documents that might impact the renewal process.