factual

Is the Learningrx Franchise Agreement required to be in full force and effect for this addendum to be valid?

Learningrx Franchise · 2025 FDD

Answer from 2025 FDD Document

Except as amended by this Addendum, the Franchise Agreement remains in full force and effect according to its terms.

Source: Item 23 — RECEIPT (FDD pages 54–209)

What This Means (2025 FDD)

According to the 2025 Learningrx Franchise Disclosure Document, specifically Exhibit C regarding the Area Developer Agreement, the Franchise Agreement must remain in full force and effect for an addendum to be valid. This condition is outlined within an addendum related to an SBA loan.

This means that any modifications or addenda to the Learningrx Franchise Agreement are contingent upon the original agreement's validity. If the original agreement is terminated or otherwise not in effect, the addendum would also cease to be valid. This ensures that all subsequent agreements and modifications are built upon a solid, existing contractual foundation.

For a prospective Learningrx franchisee, this highlights the importance of maintaining compliance with the terms of the Franchise Agreement. Failure to do so could not only jeopardize the franchise itself but also any related agreements, such as those pertaining to financing or expansion. This clause protects Learningrx by ensuring that franchisees adhere to the established standards and obligations, while also providing clarity on the relationship between the core agreement and any addenda.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.