If a Dermani Medspa franchisee misses a deadline in the Development Schedule, what actions can Dermani Medspa take?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
Recognizing that time is of the essence, you agree to satisfy each deadline set forth in the Development Schedule in Exhibit A of this Agreement. Your failure to adhere to the Development Schedule will constitute a default under this Agreement as provided in Section 8.2 below. You acknowledge and agree that the time limits and time frames set forth in and inherent in the Development Schedule, and not those in the Franchise Agreement, will govern your obligations in this Agreement.
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;
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, franchisees must adhere to the Development Schedule outlined in Exhibit A of the Area Development Agreement. The Development Schedule contains deadlines that the franchisee must meet. If a Dermani Medspa franchisee fails to meet these deadlines, it will constitute a default under the Area Development Agreement, as specified in Section 8.2.
If the franchisee fails to satisfy the Development Schedule at any time during the agreement's term, Dermani Medspa has the right, but not the obligation, to exercise its termination rights and other rights as detailed in Section 8 of the agreement. This means Dermani Medspa can choose to terminate the Area Development Agreement if the franchisee does not meet the agreed-upon development milestones.
Prospective Dermani Medspa franchisees should carefully review the Development Schedule and Section 8 of the Area Development Agreement to fully understand their obligations and the potential consequences of failing to meet deadlines. It is important to assess whether the development timeline is realistic and achievable given their resources and capabilities. Franchisees should also be aware that the time limits in the Development Schedule, not the Franchise Agreement, govern their obligations under the Area Development Agreement.