What is Exhibit L to the Dermani Medspa Disclosure Document?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
If you determine that the laws that would apply to a dermani MEDSPA® in your state would permit you to do so, you may request that we waive certain requirements of the Franchise Agreement related to separating the operation of the medical aspects of the dermani MEDSPA® from the management aspects. In particular, depending upon the applicable laws and circumstances, you may not be required to enter into a management agreement with a PC, or be restricted from directly employing Affiliated Physicians. Any waiver or any modification of our standards would be subject to compliance with all applicable laws and regulations. If we agree to a waiver, you must enter into our "Waiver of Management Agreement" (which is Exhibit L to this Disclosure Document). Under the Waiver of Management Agreement, you agree that, instead of entering into the Management Agreement with a separate PC, you will (a) operate the dermani MEDSPA®, including performing all responsibilities and obligations of the "PC" under the Management Agreement, and (b) manage the dermani MEDSPA® as required in the Franchise Agreement and by performing all the responsibilities and obligations of the "Company" under the Management Agreement. As part of this Waiver of Management Agreement, you must represent that you have consulted with an attorney with experience in medical and health care laws and regulations in your state, and she or he has advised you that you may operate the Franchised Business
and the dermani MEDSPA® as one entity. If you qualify to enter into the Waiver of Management Agreement, we will make the final determination whether we will permit the waiver or not.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–12)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, Exhibit L is the "Waiver of Management Agreement." This agreement is relevant in states where the laws permit a single entity to both manage and operate a Dermani Medspa, including the provision of medical services.
For franchisees in these specific states, Dermani Medspa may waive certain requirements of the standard Franchise Agreement that mandate separating the medical operations from the management aspects. This means that the franchisee might not be required to enter into a separate management agreement with a Professional Corporation (PC) or be restricted from directly employing affiliated physicians.
If Dermani Medspa agrees to this waiver, the franchisee must then enter into the Waiver of Management Agreement. By signing this agreement, the franchisee commits to operating the Dermani Medspa and fulfilling all responsibilities typically assigned to both the PC and the management company under the standard Management Agreement. Furthermore, the franchisee must confirm they have consulted with an attorney experienced in medical and healthcare laws within their state, who has advised them that operating the Franchised Business and the Dermani Medspa as a single entity is permissible. It's important to note that even if a franchisee meets these qualifications, Dermani Medspa retains the final decision on whether to grant the waiver.