factual

What is the timeframe a Degree Wellness Licensed Provider has to comply with any provision of the agreement after written notice?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

icensed Provider (or any of Licensed Provider's employees) violates any health or safety law, ordinance or regulation, or performs the Licensed Provider Services in a manner that presents a health or safety hazard to patients or the public;

  • (f) Licensed Provider does not pay when due any monies owed to Management Company, including the Management Fee, and does not make such payment within 2 days after written notice is given to Licensed Provider;

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, a Licensed Provider typically has 10 days to comply with any provision of the agreement after receiving written notice of non-compliance from Management Company. However, there is an exception regarding payments. If a Licensed Provider fails to pay monies owed to Management Company, including the Management Fee, they only have 2 days after written notice to make the payment.

This means that if Degree Wellness identifies a breach of contract, the franchisee will generally have a short window to correct the issue before further action is taken, such as termination of the agreement. The quick turnaround time for payment defaults underscores the importance of maintaining timely payments to avoid immediate repercussions.

Prospective Degree Wellness franchisees should be aware of these strict compliance timelines and ensure they have systems in place to address any potential issues promptly. It is crucial to understand all the provisions of the agreement and maintain open communication with Degree Wellness to avoid any misunderstandings or breaches that could lead to default.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.