factual

What is the Learningrx Satellite Addendum an addendum to?

Learningrx Franchise · 2025 FDD

Answer from 2025 FDD Document

This LearningRx Satellite Addendum ("Addendum") is entered into this day of , 20 , by and between LearningRx Franchise Corporation, a Colorado corporation ("Franchisor"), and , a ("Franchisee").
RECITALS
WHEREAS, on
, 20
the
parties
entered
into
a
franchise
agreement ("Franchise Agreement") pursuant to which Franchisee was granted the right to
operate a Center at the Premises, using the System and Marks for the term of the Franchise
Agreement;
WHEREAS, Franchisee desires to obtain a license to operate an additional location
("Satellite Location") under the Marks and in strict conformance with the System and the
specifications listed in Franchisor's Operations Manual, and Franchisor is willing to grant
Franchisee such a license to operate a Satellite Location under the terms and conditions of this
Addendum; and
WHEREAS, all capitalized terms used in this Addendum shall have the meaning as defined
in the Franchise Agreement.
NOW, the parties agree as follows:

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

What This Means (2025 FDD)

According to Learningrx's 2025 Franchise Disclosure Document, the Satellite Location Addendum is an addendum to the Franchise Agreement. Specifically, the addendum is made between LearningRx Franchise Corporation and the franchisee. The Franchise Agreement grants the franchisee the right to operate a Learningrx center. The franchisee may want to obtain a license to operate an additional location, called a Satellite Location. The franchisor is willing to grant the franchisee a license to operate a Satellite Location under the terms and conditions of the addendum.

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.
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