What document governs the time limits for development obligations for a Dermani Medspa franchise?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.3. Development Schedule. Recognizing that time is of the essence, you agree to satisfy each deadline set forth in the Development Schedule in Exhibit A of this Agreement. Your failure to adhere to the Development Schedule will constitute a default under this Agreement as provided in Section 8.2 below. You acknowledge and agree that the time limits and time frames set forth in and inherent in the Development Schedule, and not those in the Franchise Agreement, will govern your obligations in this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa FDD, the Development Schedule outlined in Exhibit A of the Area Development Agreement governs the time limits for a franchisee's development obligations. The FDD emphasizes that adhering to this schedule is critical, and failure to do so constitutes a default under the Area Development Agreement.
Specifically, the FDD states that the time limits and time frames set forth in the Development Schedule, and not those in the Franchise Agreement, will govern the franchisee's obligations under the Area Development Agreement. This means that even if the Franchise Agreement contains timelines, the Development Schedule takes precedence for multi-unit developers.
Prospective Dermani Medspa franchisees should carefully review Exhibit A of the Area Development Agreement to fully understand the required development timelines and ensure they can meet these obligations. Failure to meet these deadlines could result in the termination of the Area Development Agreement and loss of development rights.