According to the Dermani Medspa franchise agreement, what is the 'Premises'?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
"Premises" – the location that we approve for the dermani MEDSPA®.
2.1.2. Once we have approved the location you have proposed, the location will be designated as the Premises and we will establish the boundaries of your Territory. Your Territory may be described in terms of street, town or similar boundaries, or we may depict your Territory on a map that is attached to Exhibit A hereto. You must execute a lease which must be coterminous with this Agreement, or a binding agreement to purchase the Premises. We reserve the right to review and approve the terms of the lease or purchase agreement for the Premises, and we reserve the right to require that certain provisions be included in any lease for the Premises. You shall provide us with a copy of the executed lease or purchase agreement.
- 2.1.3. You may operate the Franchised Business only from the Premises, and you may not relocate the Franchised Business except with our prior written consent, in accordance with Section 2.6. The Premises may be used only for the operation of a Franchised Business and other related activities approved by us in writing. You shall not allow the Premises of the Medspa to be used for any other purpose.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa Franchise Disclosure Document, the 'Premises' is defined as the location that Dermani Medspa approves for the Dermani Medspa franchise. After Dermani Medspa approves a franchisee's proposed location, that location will be designated as the Premises, and Dermani Medspa will establish the boundaries of the territory.
The franchisee must operate the franchised business only from the approved Premises and cannot relocate without Dermani Medspa's prior written consent. The Premises can only be used for operating the Dermani Medspa franchise and other related activities approved in writing by Dermani Medspa. The franchisee is not allowed to use the Medspa's Premises for any other purpose.
This definition is important because it restricts the franchisee's operations to a specific, approved location. It also gives Dermani Medspa control over where the business is conducted and ensures that the location meets their standards. The franchisee must obtain approval for the site and adhere to the permitted uses of the Premises, which could impact their business decisions and flexibility.