Is Hyper Kidz obligated to form an 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 Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz is not obligated to form an advisory council. The FDD states that Hyper Kidz may, at its discretion, form an advisory council.
If Hyper Kidz chooses to form an advisory council, it will be designed to improve the Hyper Kidz system, the products and services offered, advertising, and other matters deemed appropriate by Hyper Kidz. The advisory council will act solely in an advisory capacity and will not have any decision-making authority.
Hyper Kidz retains the right to form, change, merge, or dissolve any advisory council. The council will include representatives from Hyper Kidz and franchisees. Franchisee representatives may be chosen by Hyper Kidz or elected by a vote of other franchisees. Franchisees who participate in the advisory council are responsible for covering their own expenses, such as travel, lodging, and meals, if they need to travel for council meetings.