Can Hyper Kidz revoke a previously granted waiver, and if so, what notice is required?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
Any waiver granted by us shall be without prejudice to any other rights we may have, will be subject to continuing review by us and may be revoked in our sole discretion at any time and for any reason effective upon delivery to you of ten (10) days' prior written notice.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz has the right to revoke a previously granted waiver. This means that even if Hyper Kidz has, at some point, waived a specific requirement or obligation for a franchisee, they retain the authority to reinstate that requirement later.
This revocation is not entirely unrestricted. Hyper Kidz must provide the franchisee with ten days' prior written notice before the revocation becomes effective. This notice period allows the franchisee some time to prepare for the reinstated obligation.
This clause is important for prospective franchisees to understand, as it highlights that any waivers granted by Hyper Kidz are not permanent and can be withdrawn with proper notice. Franchisees should factor this into their business planning and not rely indefinitely on any waivers they may receive.