How much prior written notice is required for Dermani Medspa to revoke a waiver?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
- 12.2.1. We and you may by written instrument unilaterally waive or reduce any obligation of or restriction upon the other under this Agreement, effective upon delivery of written notice to the other or another effective date stated in the notice of waiver. Any waiver granted will be without prejudice to any other rights we or you have, will be subject to continuing review, and may be revoked at any time and for any reason effective upon delivery of ten (10) days' prior written notice.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa FDD, Dermani Medspa or the franchisee can revoke a waiver at any time and for any reason. To do so, the revoking party must provide ten days prior written notice to the other party.
This means that if Dermani Medspa grants a franchisee a waiver on a specific requirement, Dermani Medspa retains the right to reinstate that requirement with only ten days' notice. This allows Dermani Medspa to maintain flexibility and control over its franchise system, even after granting temporary exceptions.
For a prospective franchisee, this highlights the importance of understanding that any waivers obtained are not permanent and can be revoked with limited notice. Franchisees should factor this into their business planning and be prepared to comply with the original requirements if a waiver is revoked.