Does Degree Wellness use a Development Agreement?
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 used. Item 22 lists the contracts included as exhibits to the document, and Exhibit C is explicitly identified as the Development Agreement. This agreement is separate from the standard Franchise Agreement, which is listed as Exhibit B.
For a prospective Degree Wellness franchisee, this means that if they plan to open multiple locations, they will likely need to sign a Development Agreement in addition to the standard Franchise Agreement. The Development Agreement typically outlines the schedule and requirements for opening multiple franchise units within a specific territory. It will likely include details on the number of units to be developed, the timeline for opening them, and the geographic area covered by the agreement.
It is important for potential Degree Wellness franchisees to carefully review the Development Agreement to understand their obligations and the franchisor's expectations regarding multi-unit development. Understanding the terms of both the Franchise Agreement and the Development Agreement is crucial for franchisees planning to expand their Degree Wellness business.