If I sign a Waiver of Management Agreement with Dermani Medspa, where can I find the details of that agreement?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
he dermani MEDSPA®. If you are in a state that permits you to both manage the dermani MEDSPA® and provide medical services, you must sign our Waiver of Management Agreement. More information about the Waiver of Management Agreement is provided below. In the event applicable state law permits franchisees to operate the dermani MEDSPA®, or does not require a PC, then you as the owner of the Franchised Business must satisfy and comply with all other requirements that would otherwise pertain to the PC (for example, obtaining and maintaining professional liability coverage as discussed in Item 8).
We must approve the PC candidate. Under the Management Agreement, you will provide the PC with management and administrative services and support consistent with the System to support the PC's practice and its delivery of medical spa services and related products to clients at the dermani MEDSPA®, consistent with all applicable laws and regulations. The services the Franchised Business will provide to the dermani MEDSPA® include billing and collections, business planning, accounts payable management, bookkeeping and financial management, client records maintenance, management of administrative staff, arranging for the PC to obtain and maintain professional liability insurance, marketing and promotional activities, and arranging legal services and credentialing support. Unless otherwise approved by us, you must use our standard form of Management Agreement, but you may negotiate the monetary terms and, with our written consent, certain other terms of the relationship with the PC. It is your sole responsibility to make sure your Management Agreement is compliant with all state and local laws and must be reviewed by a healthcare attorney knowledgeable in the laws of the state you will be operating. You must have a Management Agreement in effect with a PC at all times during the operation of the Franchised Business and the term of the Franchise Agreement. The Management Agreement may not be signed by you or the PC until we have approved of the Management Agreement and its negotiated terms. In the event the Management Agreement with the PC is terminated during the initial term of your Franchise Agreement, you must enter into a new Management Agreement with a replacement PC as soon as practicable, but in no event later than one hundred twenty (120) days after you provide or receive notice that the Management Agreement with the original PC is being terminated.
Source: Item 22 — CONTRACTS (FDD page 66)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the details of the Waiver of Management Agreement can be found in Exhibit L of the document. This agreement is applicable in states where the laws permit a single entity to manage and operate a Dermani Medspa, including hiring medical personnel and providing medical services.
The Waiver of Management Agreement outlines that instead of entering into a separate management agreement with a Professional Corporation (PC), the franchisee agrees to operate and manage the Dermani Medspa directly. This includes fulfilling all responsibilities and obligations typically assigned to both the PC and the company under a standard Management Agreement.
Before entering into the Waiver of Management Agreement, a franchisee must consult with an attorney experienced in medical and healthcare laws in their state to ensure they can legally operate the Franchised Business as a single entity. Ultimately, Dermani Medspa retains the final determination on whether to permit the waiver.