How can a term or condition of the Dermani Medspa agreement be waived?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
- 18.2.1.
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.
- 18.2.2.
We and you will not waive or impair any right, power, or option this Agreement reserves (including, without limitation, our right to demand exact compliance with every term, condition, and covenant or to declare any breach to be a default and to terminate this Agreement before its term expires) because of any custom or practice at variance with this Agreement's terms; our or your failure, refusal, or neglect to exercise any right under this Agreement or to insist upon the other's compliance with this Agreement, including any System Standard; our waiver of or failure to exercise any right, power, or option, whether of the same, similar, or different nature, with other Franchised Businesses and Medspas; the existence of franchise agreements for other Franchised Businesses which contain provisions different from those contained in this Agreement; or our acceptance of any payments due from you after any breach of this Agreement.
No special or restrictive legend or endorsement on any check or similar item given to us will be a waiver, compromise, settlement, or accord and satisfaction.
We are authorized to remove any legend or endorsement, which then will have no effect.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, any term or condition of the agreement can be waived if both Dermani Medspa and the franchisee agree to do so through a written instrument. This waiver can either reduce an obligation or remove a restriction. The waiver becomes effective once written notice is delivered, or on another date specified in the waiver notice.
It's important to note that any waiver granted is not permanent. Dermani Medspa retains the right to review the waiver continuously and can revoke it at any time, for any reason. To revoke a waiver, Dermani Medspa must provide ten days' prior written notice to the franchisee.
Furthermore, the agreement specifies that certain actions do not constitute a waiver. For instance, Dermani Medspa's failure to enforce a term, condition, or covenant, or its acceptance of payments after a breach, does not waive its right to demand exact compliance in the future. Similarly, special legends or endorsements on checks are not considered waivers.