What is the duration of the initial term for the Learningrx Satellite Location Addendum?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Term. The term of this Addendum will begin on the date this Addendum is executed ("Execution Date") and, unless it is terminated earlier according to this Addendum, will expire at midnight on the three hundred, sixty-fifth (365th) day after the Execution Date ("Initial Term").
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Renewal.
Franchisor is under no obligation to renew this Addendum after the Initial Term.
Franchisee does not have any right to unilaterally renew this Addendum.
Franchisor may elect to grant Franchisee the right to extend this Addendum for additional three hundred, sixty-five (365) day periods (each a "Successor Term") after the expiration of the current term.
If Franchisee exercises its right to a Successor Term, it must pay Franchisor an additional Satellite Location Fee before the first day of that Successor Term.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the initial term for the Satellite Location Addendum is 365 days, beginning on the date the addendum is executed. This means that a franchisee's right to operate a satellite location under the addendum lasts for one year from the execution date, unless terminated earlier.
Learningrx is under no obligation to renew the addendum after the initial term, and the franchisee does not have the right to unilaterally renew it. However, Learningrx may choose to grant the franchisee the right to extend the addendum for additional 365-day periods, each considered a Successor Term.
If the franchisee wants to continue operating the Satellite Location, they must pay an additional Satellite Location Fee before the start of each Successor Term. This highlights that the Satellite Location Addendum is not a long-term guarantee and is subject to renewal and further fees at Learningrx's discretion.