What schedule defines the development schedule and territory for a Learningrx area developer?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Area Developer desires to obtain the right to develop, construct, manage and operate a series of LearningRx Centers under the development schedule and within the territory described in Schedule A attached hereto ("Development Schedule and Territory"), under the System and Marks, as well as to receive the training and other assistance provided by Franchisor in connection therewith;
4. DEVELOPMENT
- 4.01. Development Schedule. Area Developer shall open and continuously operate the Centers in accordance with the System, and the Development Schedule set forth in Schedule A.
- 4.02. Excess Centers. In the event that Area Developer opens and operates a greater number of Centers than is required to comply with the current period of the Development Schedule, the requirements of the succeeding period(s) shall be deemed to have been satisfied to the extent of such excess number of Centers. Area Developer will be permitted to open Centers in excess of the number of Centers set forth in the Development Schedule subject to the prior written approval of Franchisor if, in Franchisor's sole discretion, Franchisor determines that the Development Territory could support additional Centers.
- 4.04. Change in Development Territory. The parties acknowledge that the development of the Development Territory as anticipated hereunder has been determined according to the needs of the Area Developer's targeted market in the Development Territory, as determined by Franchisor, as of the date of execution of this Agreement. The Area Developer understands that, if there is an increased public demand for the products and services offered by Franchisor due to an increase in the number of individuals in the Development Territory, Franchisor will expect the Area Developer to establish additional Centers within the Development Territory. While Franchisor will not require the Area Developer to establish such additional Centers, Franchisor will strongly encourage Area Developer to do so. Any additional Center shall be governed by Franchisor's then-current form of individual franchise agreement and Franchisor and Area Developer shall execute an addendum to this Agreement reflecting the change to the Development Schedule.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the development schedule and territory for an area developer are defined in Schedule A of the Area Development Agreement. Schedule A outlines the number of Learningrx Centers the Area Developer is expected to open and operate, as well as the timeline for doing so.
Schedule A also includes a description of the Development Territory assigned to the Area Developer. This territory is determined based on the needs of the Area Developer's targeted market, as assessed by Learningrx at the time the agreement is executed. The Area Developer is expected to develop the territory according to the agreed-upon schedule.
If the Area Developer opens more Centers than required by the Development Schedule, the requirements for subsequent periods may be considered satisfied to the extent of the excess Centers. The Area Developer can open Centers beyond the Development Schedule with Learningrx's prior written approval, should Learningrx determine that the Development Territory can support additional Centers. If there is an increased public demand, Learningrx will encourage the Area Developer to establish additional Centers within the Development Territory, though they are not required to do so. Any additional Center would be governed by Learningrx's current franchise agreement, and an addendum to the Area Development Agreement would reflect the change to the Development Schedule.