What document related to the lease must I execute and is attached to the Franchise Agreement for a Dermani Medspa?

According to Dermani Medspa's 2025 Franchise Disclosure Document, as a franchisee, you are required to execute a collateral assignment of lease. This document is formally attached to the Franchise Agreement as Exhibit B. This requirement ensures that Dermani Medspa has additional security and control over the leased premises where the franchise operates.

This collateral assignment of lease essentially gives Dermani Medspa certain rights regarding your lease agreement. If you, as the franchisee, default on your obligations under the Franchise Agreement, Dermani Medspa can step in and take over your rights and responsibilities under the lease. This protects Dermani Medspa's interests by ensuring the location remains operational and within their control, even if the franchisee is not performing as expected.

For a prospective Dermani Medspa franchisee, this means understanding the terms of the collateral assignment of lease is crucial. You should carefully review Exhibit B of the Franchise Agreement with legal counsel to fully grasp the implications. It is also important to ensure that the lease agreement itself is coterminous with the Franchise Agreement, meaning they both end at the same time, to avoid any potential conflicts or complications.