Who chooses the franchisee representatives for the Hyper Kidz advisory council?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
We may, in our discretion, form an advisory council to work with us to improve the System, the products and services offered by Hyper Kidz Businesses, advertising conducted by the Fund, and any other matters that we deem appropriate. If an advisory council is formed it will act solely in an advisory capacity and will not have decision making authority. We will have the right to form, change, merge or dissolve any advisory council. The advisory council will include our representatives and franchisee representatives. Franchisee representatives may be chosen by us or may be elected by a vote of other franchisees. If you participate in an advisory council, you will pay any expenses you incur related to your participation, which may include travel, lodging and meals expenses if you must travel to attend council meetings.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 24–33)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, the franchisee representatives for the advisory council can be chosen in one of two ways. Hyper Kidz may choose the franchisee representatives themselves, or the franchisee representatives may be elected by a vote of the other franchisees.
It's important to note that the formation of the advisory council itself is at the discretion of Hyper Kidz. If an advisory council is formed, it serves only in an advisory capacity and does not have any decision-making authority. Hyper Kidz retains the right to form, change, merge, or dissolve the advisory council as they see fit.
If a Hyper Kidz franchisee participates in the advisory council, they are responsible for covering all expenses related to their participation. These expenses may include travel, lodging, and meals if travel is required to attend council meetings.