What is the dependency for the Learningrx addendum's execution?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Grant of License. So long as the Franchise Agreement between Franchisor and Franchisee remains in good standing, Franchisor grants to Franchisee and Franchisee accepts from Franchisor, a non-exclusive right and obligation to use the System and Marks to open and operate one Satellite Location, in accordance with the terms of the Franchise Agreement. The Satellite Location must comply with all specifications set forth in Franchisor's current Operations Manual.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx FDD, the execution of the Satellite Addendum is dependent on the Franchise Agreement between Learningrx and the franchisee remaining in good standing. The addendum grants the franchisee a non-exclusive right and obligation to use the Learningrx system and marks to open and operate one Satellite Location. This operation must align with the terms outlined in the Franchise Agreement.
This dependency means that if the Franchise Agreement is terminated or not in good standing for any reason, the Satellite Addendum would also be affected. The franchisee's right to operate the Satellite Location under the Learningrx system is contingent upon the continued validity and compliance with the original Franchise Agreement.
This condition is important for prospective Learningrx franchisees to consider, as any issues affecting the original Franchise Agreement could directly impact their ability to operate the Satellite Location. Franchisees should ensure they understand and adhere to the terms of the Franchise Agreement to maintain their rights under the Satellite Addendum.