What is the Learningrx Franchise Agreement date?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
the years | ended September | 30, 2023 | and 2022, respectively. | Deferred |
ATTACHMENT VIII(b) to FRANCHISE AGREEMENT
SPOUSAL AND DOMESTIC PARTNER CONFIDENTIALITY and COVENANT NOT TO COMPETE AGREEMENT
Instructions: This "Spousal and Domestic Partner Confidentiality and Covenant Not to Compete Agreement" must be completed and signed by the spouses or domestic partners of the equity owners of the Franchisee. The signed original(s) of the Agreement must then be immediately delivered to the Franchisor by the Franchisee.
| This Agreement is made and entered into between LearningRx Franchise Corporation, ("Franchisor"), ("Franchisee"), and ("Spousal Affiliate"). | |
|---|---|
| RECITALS | |
| WHEREAS, | |
| Franchisor has developed a unique system (the "System") and is engaged in | |
| the business of offering, selling or granting franchises or licenses for the operation of a location to | |
| provide education services, including but limited to (a) learning enhancement courses, programs or | |
| products, (b) brain training or cognitive | |
| training courses, programs or products and (c) math and | |
| reading training courses, programs, or products ("Business"), known as "LearningRx Training | |
| CentersSM | |
| "; |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, the franchise agreement is entered into on a specific day in 20--. The exact day and month are not specified in the excerpt; the agreement is defined as entered into on the " day of, 20--". This agreement is between LearningRx Franchise Corporation, the franchisee, and a spousal affiliate, if applicable.
The agreement grants the franchisee the limited right to develop a Learningrx business using Learningrx's system, licensed marks, and trade secrets. This right is granted pursuant to the Franchise Agreement entered into on the aforementioned date. The Learningrx system includes trade names, service marks, and other proprietary elements that are essential to the operation of a Learningrx Training Center.
Prospective franchisees should note that the specific date of the Franchise Agreement is a critical detail. This date marks the commencement of the franchise relationship and is essential for determining various timelines and obligations outlined in the agreement. It is also important to understand that the franchisee must have received the Franchise Disclosure Document at least 14 calendar days before the agreement's execution date.