What is the 'Franchised Business' as defined in the Dermani Medspa agreement?

According to Dermani Medspa's 2025 Franchise Disclosure Document, the 'Franchised Business' is defined as the business that manages the Medspa. This encompasses all assets of the Franchised Business operated under the agreement, including its revenue and any lease for the Premises. This definition is important for franchisees as it clarifies what is included as part of the franchised business they are operating.

This definition is crucial for understanding the scope of the franchise agreement. It explicitly includes all revenue generated by the Dermani Medspa, which is relevant for calculating royalties and other fees payable to the franchisor. Additionally, the inclusion of any lease for the premises means that the franchisee's rights and obligations related to the location are also considered part of the Franchised Business.

For a prospective Dermani Medspa franchisee, this definition has several implications. It confirms that the franchisee is responsible for managing the Medspa and all its associated assets. It also highlights the importance of understanding the terms of the lease agreement, as it directly impacts the Franchised Business. Furthermore, the definition clarifies that all revenue generated by the Medspa, regardless of its source, is subject to the terms of the franchise agreement.

In summary, the definition of 'Franchised Business' in the Dermani Medspa agreement provides a clear understanding of what the franchise encompasses, including its assets, revenue, and lease agreements. This information is essential for prospective franchisees to assess the financial and operational aspects of the franchise opportunity.