Is there a Development Agreement included as an exhibit to the Degree Wellness Disclosure Document?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit B | Franchise Agreement (including as exhibits an Owner's Guaranty and Assumption of Franchisee's Obligations, Agreement, and other |
|---|---|
| documents) | |
| Exhibit C | Development Agreement |
| Exhibit F | Sample Studio Management Agreements or Staffing Agreements |
| Exhibit H | General Release Agreement |
| Exhibit I | Transfer Agreement |
| Exhibit J | Supplemental Agreements |
| Exhibit K | Multi-State Addenda and Agreement Riders |
Source: Item 22 — Contracts (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, a Development Agreement is included as an exhibit. Specifically, Exhibit C to the Disclosure Document is the Development Agreement. This agreement is one of several contracts included as exhibits. Others include the Franchise Agreement, Sample Studio Management Agreements, General Release Agreement, Transfer Agreement, Supplemental Agreements, and Multi-State Addenda and Agreement Riders.
A Development Agreement is used when a franchisee commits to opening multiple Degree Wellness locations. It outlines the schedule and territory in which the franchisee must develop these locations. This differs from a standard Franchise Agreement, which typically covers a single location.
Prospective Degree Wellness franchisees should carefully review Exhibit C, the Development Agreement, to understand their obligations if they plan to open multiple locations. Key aspects to examine include the development schedule, territorial rights, and conditions for maintaining exclusivity. Understanding these terms is crucial before signing the agreement.