factual

What is a Hyper Kidz franchisee's obligation after receiving written notification of a modification to the approved supplier list?

Hyper_Kidz Franchise · 2024 FDD

Answer from 2024 FDD Document

We may from time to time modify the list of approved brands and/or suppliers and you shall not, after receipt in writing of such modification, reorder any brand from any supplier which is no longer approved.

Source: Item 22 — CONTRACTS (FDD page 52)

What This Means (2024 FDD)

According to Hyper Kidz's 2024 Franchise Disclosure Document, after receiving written notification of a modification to the approved supplier list, a franchisee must not reorder any brand from any supplier that is no longer approved. This means Hyper Kidz franchisees must stay up-to-date with any changes to the approved supplier list provided by the franchisor.

Hyper Kidz maintains the right to modify the list of approved brands and suppliers periodically. This ensures that all Hyper Kidz businesses maintain a consistent quality and meet the franchisor's standards. These standards cover various aspects, including quality, prices, consistency, reliability, financial capability, labor relations, and customer relations.

This requirement ensures that Hyper Kidz maintains control over the quality and consistency of products used within its franchise system. For a franchisee, this means they must be vigilant about adhering to the approved supplier list and any modifications to it, to avoid being in violation of the franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.