Is there a Development Agreement included as an exhibit in the Degree Wellness Franchise 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 |
Source: Item 22 — Contracts (FDD page 66)
What This Means (2025 FDD)
Yes, according to Degree Wellness's 2025 Franchise Disclosure Document, a Development Agreement is included as an exhibit. Specifically, Exhibit C lists the Development Agreement as one of the agreements attached to the FDD. This agreement is separate from the standard Franchise Agreement, which is listed as Exhibit B.
For a prospective franchisee, the presence of a Development Agreement as an exhibit suggests that Degree Wellness offers the opportunity to develop multiple franchise locations under a single agreement. This is a common practice in franchising, allowing franchisees to expand their business within a defined territory over a specified period. The Development Agreement typically outlines the development schedule, the geographic area granted to the developer, and the obligations of both Degree Wellness and the franchisee in developing multiple units.
It is important for potential Degree Wellness franchisees to carefully review the Development Agreement to understand the terms and conditions, including the number of units required to be developed, the timeline for development, and any penalties for failing to meet the development schedule. Understanding these obligations is crucial before entering into such an agreement, as it commits the franchisee to a larger, more complex business plan than a single-unit franchise agreement.