Has Learningrx, or any person identified in ITEM 2, been convicted of a felony within the last 10 years?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
- (B) Except as described above, neither we, our predecessors, a person identified in ITEM 2, nor an affiliate offering franchises under our principal trademark has been convicted of a felony or pleaded nolo contendere to a felony charge or, within the ten (10) year period immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge or has been the subject of a civil action alleging: violation of a franchise, antifraud or securities law; fraud, embezzlement, fraudulent conversion or misappropriation of property, or unfair or deceptive practices or comparable allegations.
- (C) Except as described above, neither we, our predecessor, a person identified in ITEM 2, nor an affiliate offering franchises under our principal trademark is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a federal, State or Canadian franchise, securities, antitrust, trade regulation or trade practice law, resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, neither Learningrx, its predecessors, any person identified in ITEM 2, nor any affiliate offering franchises under Learningrx's principal trademark has been convicted of a felony or pleaded nolo contendere to a felony charge. Additionally, within the ten-year period immediately preceding the application for registration, none of these parties has been convicted of or pleaded nolo contendere to a misdemeanor charge or been the subject of a civil action alleging violation of franchise, antifraud, or securities law; fraud, embezzlement, fraudulent conversion or misappropriation of property, or unfair or deceptive practices or comparable allegations.
This statement provides assurance to potential franchisees that Learningrx and its associated parties have a clean legal record regarding serious criminal and civil offenses related to business practices and franchise regulations. The absence of such convictions or legal actions can be a significant factor in evaluating the trustworthiness and stability of the franchise system.
Furthermore, the FDD states that none of the aforementioned parties is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a federal, State or Canadian franchise, securities, antitrust, trade regulation or trade practice law, resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent. This reinforces the integrity and legal compliance of Learningrx and its affiliates, which is a positive indicator for prospective franchisees.