What must a Learningrx franchisee sign if they renew or transfer their franchise?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
(d) the proposed transferee executes a separate franchise agreement with Franchisor, using the then-current form of franchise agreement;
(g) the individual proposed transferee, or the stockholders, partners, members, or trustees and beneficiaries of a proposed entity transferee, each execute a personal guarantee, jointly and severally guaranteeing the performance of the proposed transferee's obligations;
7.04.
Liability.
The Area Developer and its principals must remain liable for all direct and indirect obligations to Franchisor in connection with the Centers prior to the effective date of transfer and will continue to remain responsible for their obligations of nondisclosure, noncompetition and indemnification as provided in the franchise agreements and guaranty, and shall execute any and all instruments reasonably requested by Franchisor to further evidence such liability;
The Renewal Franchise Agreement may vary in material aspects from this Agreement, including, but not limited to, higher royalty and advertising fees.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, a franchisee must sign a few different documents depending on whether they are renewing or transferring their franchise. For renewals, Learningrx states that if a franchisee wants to renew their franchise agreement, they may be required to sign a Renewal Franchise Agreement. The Renewal Franchise Agreement may vary in material aspects from the original agreement, including potentially higher royalty and advertising fees.
For transfers, the Learningrx franchisee must ensure the proposed transferee executes a separate franchise agreement with Learningrx, using the then-current form of the franchise agreement. Additionally, the individual proposed transferee, or the stockholders, partners, members, or trustees and beneficiaries of a proposed entity transferee, must each execute a personal guarantee, jointly and severally guaranteeing the performance of the proposed transferee's obligations.
In addition to the franchise agreement, in the event of a transfer, the Area Developer and its principals must execute any and all instruments reasonably requested by Learningrx to further evidence such liability and will continue to remain responsible for their obligations of nondisclosure, noncompetition and indemnification as provided in the franchise agreements and guaranty.