What assets are included in the 'Franchised Business' definition for a Dermani Medspa?

According to Dermani Medspa's 2025 Franchise Disclosure Document, the term 'Franchised Business' is defined as the business that will manage the Medspa. This definition encompasses all assets of the Franchised Business operated under the Franchise Agreement. Specifically, this includes the business's revenue and any lease for the Premises.

For a prospective Dermani Medspa franchisee, this definition is important because it clarifies what is considered part of the franchised business in terms of assets. Revenue generated by the medspa is included as an asset of the franchised business. Additionally, any lease agreement for the physical location (Premises) of the Dermani Medspa is also considered an asset of the franchised business.

This definition has implications for various aspects of the franchise agreement, such as transfer, sale, or termination. For example, if a franchisee were to sell the Dermani Medspa, the revenue and lease would be included in the transaction as assets of the business. Similarly, in the event of a transfer of ownership or termination of the franchise agreement, the disposition of these assets would be governed by the terms of the agreement.