Is there a Transfer Agreement included as an exhibit for Degree Wellness?
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 |
Source: Item 22 — Contracts (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, a Transfer Agreement is included as an exhibit. Specifically, Exhibit I to the FDD is the Transfer Agreement. This agreement outlines the terms and conditions under which a franchisee can transfer their franchise to a new owner.
For a prospective Degree Wellness franchisee, the inclusion of a Transfer Agreement as an exhibit is significant. It provides a clear understanding of the process, requirements, and any potential fees associated with transferring ownership of the franchise. This can be crucial for franchisees who may, at some point, wish to sell their business.
Having a Transfer Agreement detailed in the FDD is a common practice in franchising. It ensures transparency and helps both the franchisee and the franchisor manage the transfer process smoothly. Franchisees should carefully review this agreement to understand their rights and obligations regarding the transfer of their Degree Wellness franchise.