What is the Dermani Medspa franchise agreement for?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
Pursuant to the terms and conditions of this Agreement, we hereby grant to you the right, and you accept the obligation, to develop a specified number of Franchised Businesses in the Development Area, as set forth Exhibit A attached hereto.
In this regard, you further agree:
- 1.1.1. To develop the Franchised Businesses and dermani MEDSPA®s pursuant to the development schedule set forth in Paragraph 3 of Exhibit A attached hereto (the "Development Schedule").
If at any time during the term of this Agreement you fail to satisfy the Development Schedule, then we have the right, but not the obligation, to exercise our termination rights and other rights pursuant to Section 8 below;
1.1.2. that each dermani MEDSPA® developed under this Agreement must be established and managed by a Franchised Business pursuant to a separate dermani MEDSPA® Franchise Agreement (a "Franchise Agreement") that must be executed as provided in Section 3.1 below; and
1.1.3. that each Franchised Businesses and dermani MEDSPA® developed under this Agreement must be located within the area that is specified in Paragraph 2 of Exhibit A, attached hereto (the "Development Area").
1.2. No Protections to Development Area.
Your rights within the Development Area are nonexclusive, and we may award the same Development Area to multiple area developers.
However, we will not sell the right to develop more dermani MEDSPA®s than the total number of available territories available in the Development Area.
- 1.3. Rights we Reserve.
We retain all rights with respect to Franchised Businesses and dermani MEDSPA®s, the System, the Marks, the sale of similar or dissimilar services, and any other activities we deem appropriate whenever and wherever we desire, including, but not limited to:
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the Franchise Agreement allows a franchisee to establish and manage a Dermani Medspa business. The Area Development Agreement grants the franchisee the right and obligation to develop a certain number of Franchised Businesses within a specific Development Area, as detailed in Exhibit A of the agreement.
The franchisee is obligated to develop Franchised Businesses and Dermani Medspas according to the Development Schedule outlined in Paragraph 3 of Exhibit A. Failure to meet this schedule gives Dermani Medspa the right to terminate the agreement. Each Dermani Medspa developed under the Area Development Agreement must be established and managed via a separate Dermani Medspa Franchise Agreement. The franchised businesses must be located within the Development Area specified in Paragraph 2 of Exhibit A.
The rights granted within the Development Area are nonexclusive, meaning Dermani Medspa can award the same area to multiple developers, but will not sell the right to develop more Dermani Medspas than available territories. Dermani Medspa retains all rights regarding the Franchised Businesses, Dermani Medspas, the System, the Marks, and the sale of services.
The term of the Area Development Agreement expires when the last Dermani Medspa required by the Development Schedule opens or on the last date of the Development Schedule, unless terminated earlier. There is no automatic renewal of the Area Development Agreement upon expiration, unless mutually agreed upon in writing.