Under what condition will an Engineering For Kids Regional Fund be terminated?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
- 9.4.6. Although once established, each Regional Fund is intended to be of perpetual duration, we maintain the right to terminate any Regional Fund. A Regional Fund will not be terminated, however, until all monies in that Regional Fund have been expended for marketing and/or promotional purposes.
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, while each Regional Fund is intended to be of perpetual duration once established, Engineering For Kids retains the right to terminate any Regional Fund. However, a Regional Fund will not be terminated until all the money within that fund has been spent on marketing and/or promotional activities.
This condition ensures that franchisees' contributions to the Regional Fund are fully utilized for their intended purpose before the fund is dissolved. It provides a safeguard that the funds will benefit the franchisees through marketing and promotional efforts.
Prospective franchisees should consider this condition as a positive aspect, as it ensures that their contributions are used entirely for marketing and promotion before any termination of the Regional Fund. This can help in building brand awareness and driving business growth within their region.