What exhibit to the Dermani Medspa franchise agreement describes the owners and their interests in the franchisee entity?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
under a Franchise Agreement, including your revenue and any lease for the Premises.
"Indemnified Parties" – us, our affiliates, and our and their respective members, shareholders, directors, officers, employees, agents, successors, assignees and designees.
"Manual" – the confidential operations manual that we loan to you to assist you in setting up and establishing the operations of your Franchised Business.
"Marks" – the "dermani MEDSPA®" word mark and logo, and any other trademarks, service marks, and commercial symbols we may create, use or license for the dermani MEDSPA®s.
"dermani MEDSPA®(s)" – dermani MEDSPA® medical care centers tha
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa Franchise Disclosure Document, Exhibit C to the Dermani Medspa Franchise Agreement contains a listing of ownership interests. This exhibit specifically identifies the owners of the franchise and their respective interests in the franchisee entity.
Furthermore, the FDD defines an "Owner" as any person holding a direct or indirect ownership interest, whether of record, beneficially, or otherwise, or voting rights in the agreement or the franchised business. This includes anyone with legal or equitable interest, or the power to vest in themselves any legal or equitable interest, in the revenue, profits, rights, or assets of the business.
Additionally, the FDD defines the “Operating Principal” as the person, shareholder, member, or partner that the franchisee designates to be responsible for overseeing and supervising the operation of the Franchised Business. The Operating Principal is also identified on Exhibit C to the Franchise Agreement.