When must the Satellite Location Fee be paid to Learningrx for a Successor Term?

According to Learningrx's 2025 Franchise Disclosure Document, if a franchisee exercises their right to a Successor Term for a Satellite Location, they must pay Learningrx an additional Satellite Location Fee. This payment is due before the first day of that Successor Term.

This means that if Learningrx grants the franchisee the option to extend their Satellite Location agreement, the franchisee must remit the required fee prior to the extension taking effect. This fee is in addition to any other fees paid during the initial term or any ongoing royalties.

It is important for prospective Learningrx franchisees to understand the terms and conditions for renewing or extending their Satellite Location agreements, including any associated fees. Franchisees should factor this potential cost into their financial planning if they anticipate wanting to continue operating the Satellite Location beyond the initial term.