According to the LearningRx FDD, what agreements are included as exhibits?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document are the following contracts:
Exhibit B Franchise Agreement:
Attachment I Addendum
Attachment II Satellite Location Addendum
Attachment III Collateral Assignment of Telephone Numbers,
Addresses, and Listings
Attachment IV Statement of Ownership
Attachment VGuaranty & Assumption of Franchisee's Obligations Attachment VI Addendum Consent to Transfer for SBA
Attachment VII New Franchise Disclosure Questionnaire
Attachment VIII Confidentiality & Covenant Not to Compete Agreement
Attachment IX Lease Rider Attachment X SBA Addendum
Exhibit C Area Development Agreement:
Schedule A Development Schedule and Territory
Schedule B Guaranty
Exhibit G General Release
Our preferred method of executing documents is through electronic signature.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, several agreements are included as exhibits. Exhibit B is the Franchise Agreement, which includes multiple attachments such as an Addendum (Attachment I), a Satellite Location Addendum (Attachment II), a Collateral Assignment of Telephone Numbers, Addresses, and Listings (Attachment III), a Statement of Ownership (Attachment IV), a Guaranty & Assumption of Franchisee's Obligations (Attachment V), an Addendum Consent to Transfer for SBA (Attachment VI), a New Franchise Disclosure Questionnaire (Attachment VII), a Confidentiality & Covenant Not to Compete Agreement (Attachment VIII), a Lease Rider (Attachment IX), and an SBA Addendum (Attachment X).
Exhibit C is the Area Development Agreement, which includes a Development Schedule and Territory (Schedule A) and a Guaranty (Schedule B). Exhibit G is the General Release agreement. These agreements outline the legal terms and obligations between Learningrx and its franchisees, covering various aspects of the franchise relationship, including development schedules, financial guarantees, and franchisee responsibilities.
Prospective franchisees should carefully review each of these exhibits with legal counsel to fully understand their rights and obligations before entering into a franchise agreement with Learningrx. Understanding these agreements is crucial for a successful and legally sound franchise venture. The FDD also mentions that Learningrx prefers to execute documents through electronic signature.