Where in the Learningrx Franchise Disclosure Document can I find information regarding the term and renewals of the franchise agreement?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPT]
- 18.13 Cumulative Remedies.
Rights and remedies under this Agreement are cumulative.
No enforcement of a right or remedy precludes the enforcement of any other right or remedy.
- 18.14 Set Off. Franchisee may not set off any amounts owed to Franchisor under this Agreement nor may Franchisee withhold any amounts owed to Franchisor due to any alleged non-performance by Franchisor under this Agreement. Franchisee waives any right to set off.
- 18.15 Completion of Agreement. The parties agree to acknowledge, execute and deliver all further documents, instruments or assurances and to perform all further acts or deeds as may be reasonably required to carry out this Agreement.
19. ACKNOWLEDGEMENT
BY SIGNING THIS AGREEMENT, FRANCHISEE ACKNOWLEDGES THAT:
- 19.1 FRANCHISEE HAS CONDUCTED AN INDEPENDENT INVESTIGATION OF THE LEARNINGRX SYSTEM AND RECOGNIZES THAT THE BUSINESS CONTEMPLATED BY THIS AGREEMENT INVOLVES BUSINESS RISK AND WILL LARGELY DEPEND UPON THE ABILITY OF FRANCHISEE AS AN INDEPENDENT BUSINESS PERSON; AND
- 19.2 FRANCHISEE IS NOT A PARTY TO OR SUBJECT TO AGREEMENTS THAT MIGHT CONFLICT WITH THE TERMS OF THIS AGREEMENT AND AGREES NOT TO ENTER INTO ANY CONFLICTING AGREEMENTS DURING THE TERM OR ANY RENEWAL TERMS; AND
- 19.3 FRANCHISEE HAS RECEIVED THE FRANCHISE DISCLOSURE DOCUMENT REQUIRED BY THE FEDERAL TRADE COMMISSION WITH APPLICABLE EXHIBITS AT LEAST FOURTEEN (14) CALENDAR DAYS BEFORE THE DATE ON WHICH THIS AGREEMENT WAS EXECUTED AND HAS RECEIVED A COPY OF THE COMPLETE LEARNINGRX FRANCHISE AGREEMENT AT LEAST FOURTEEN (14) CALENDAR DAYS BEFORE THE DATE ON WHICH THIS AGREEMENT OR ANY PAYMENT WAS MADE TO FRANCHISOR.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have executed, sealed and delivered this Agreement in two (2) or more counterparts on the day and year first above written.
FRANCHISOR: LEARNINGRX FRANCHISE CORPORATION
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
I am unable to provide information about the specific location in Learningrx's 2025 Franchise Disclosure Document (FDD) that discusses the term and renewals of the franchise agreement. The provided excerpts from Item 23, titled "Receipts," primarily consist of acknowledgements, addenda for specific states, and legal disclaimers. These excerpts do not contain details regarding the initial term length, renewal options, conditions for renewal, or any related fees.
To find this information, a prospective Learningrx franchisee should consult the table of contents of the FDD or search for keywords like "term," "renewal," and "agreement" within the document. Item 17 of the FDD, which typically covers renewal, termination, transfer, and dispute resolution, would be a relevant section to investigate.
It is crucial for potential franchisees to understand the term and renewal conditions before investing in a Learningrx franchise. This knowledge will help them make informed decisions about the long-term viability and potential risks associated with the franchise.