When does the Hyper Kidz Development Agreement expire if not terminated earlier?

According to the 2024 Hyper Kidz Franchise Disclosure Document, the Development Agreement's term, along with all Development Rights, will expire on the date the last Hyper Kidz Business is opened, provided it aligns with the Minimum Performance Schedule. This expiration occurs unless the agreement is terminated earlier according to its terms.

This means that a franchisee's rights to develop Hyper Kidz locations in a specific area are tied to their ability to meet the agreed-upon development schedule. If the franchisee successfully opens all required locations within the set timeframe, the agreement concludes once the final location opens. However, failure to adhere to the Minimum Performance Schedule or other breaches of the agreement could lead to earlier termination, as detailed elsewhere in the document.

It is important for prospective Hyper Kidz developers to carefully review the Minimum Performance Schedule and other terms within the Development Agreement to fully understand their obligations and the potential consequences of non-compliance. Understanding these terms is crucial for planning and executing the development of Hyper Kidz locations and maintaining the rights granted under the agreement.