Under what exhibit can I find the Dermani Medspa Waiver of Management Agreement?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
If we agree to a waiver, you must enter into our "Waiver of Management Agreement" (which is Exhibit L to this Disclosure Document). Under the Waiver of Management Agreement, you agree that, instead of entering into the Management Agreement with a separate PC, you will (a) operate the dermani MEDSPA®, including performing all responsibilities and obligations of the "PC" under the Management Agreement, and (b) manage the dermani MEDSPA® as required in the Franchise Agreement and by performing all the responsibilities and obligations of the "Company" under the Management Agreement. As part of this Waiver of Management Agreement, you must represent that you have consulted with an attorney with experience in medical and health care laws and regulations in your state, and she or he has advised you that you may operate the Franchised Business
and the dermani MEDSPA® as one entity. If you qualify to enter into the Waiver of Management Agreement, we will make the final determination whether we will permit the waiver or not.
Source: Item 22 — CONTRACTS (FDD page 66)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the Waiver of Management Agreement is included as Exhibit L. This agreement is relevant if a franchisee is in a state that allows a single entity to manage and operate the Dermani Medspa, including providing medical services.
The document states that if a franchisee determines that their state's laws permit them to manage and operate the medspa without separating the medical and management aspects, they can request a waiver of certain Franchise Agreement requirements. This could mean not needing to enter into a management agreement with a Professional Corporation (PC) or being restricted from directly employing affiliated physicians.
If Dermani Medspa agrees to the waiver, the franchisee must enter into the Waiver of Management Agreement. This agreement stipulates that the franchisee will operate the medspa, fulfilling the responsibilities of both the PC and the management company as outlined in the standard Management Agreement. As part of this waiver, the franchisee must confirm they have consulted with an attorney experienced in medical and healthcare laws who has advised them that operating the franchised business as one entity is permissible.