Under what circumstances can attendance at a Hyper Kidz franchisee meeting be excused?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
We have the right to hold a meeting or convention of our franchisees, which may be held on a regional or national basis. We may specify that attendance at any franchisee meeting is mandatory for you and/or your General Manager unless the absence is excused by us. We may use a franchisee meeting to discuss new products or services, to discuss concerns with our franchisees, and/or to provide additional training. We will determine the location of the franchisee meeting, but we will not designate an unreasonably expensive location. We do not anticipate charging a fee for the franchisee meeting, but you must pay all expenses that you and your attendees incur, including travel, lodging, meals and applicable wages.
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, attendance at franchisee meetings is generally mandatory for both the franchisee and their General Manager. However, Hyper Kidz may excuse a franchisee or General Manager from attending a meeting.
These meetings, which may be held regionally or nationally, serve various purposes, including discussing new products or services, addressing franchisee concerns, and providing additional training. Hyper Kidz determines the meeting location, aiming to avoid unreasonably expensive locations.
While Hyper Kidz does not anticipate charging a fee for the franchisee meeting itself, franchisees are responsible for covering all expenses incurred by themselves and their attendees. These expenses include travel, lodging, meals, and any applicable wages.