Which sections of the Dermani Medspa agreement survive its termination?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.15. Survival. The following sections and articles of this Agreement shall survive termination of this Agreement for any reasons: Section 10.01; Section 11.12; Section 11.13; and Article VII.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, specific sections of the agreement will remain in effect even after the termination of the agreement. These include Section 10.01, which likely pertains to definitions or interpretations used throughout the agreement, ensuring clarity on terms even after the agreement ends. Additionally, Section 11.12, Section 11.13, and Article VII will also survive termination.
Section 11.12 and 11.13 likely address liability, indemnification, or insurance-related matters, ensuring that any outstanding obligations or responsibilities in these areas continue to be enforceable post-termination. Article VII, without further context, is difficult to interpret precisely, but given its survival, it likely covers essential aspects such as intellectual property, confidentiality, or ongoing obligations related to the Dermani Medspa system.
For a prospective franchisee, this means that certain obligations and responsibilities outlined in these sections will extend beyond the formal termination of the franchise agreement. It is important to carefully review these sections to understand the scope and implications of these surviving clauses, as they could involve ongoing financial responsibilities, restrictions, or legal obligations even after the franchise relationship has ended. Understanding these post-termination obligations is crucial for making an informed decision about investing in a Dermani Medspa franchise.