factual

According to the Kidokinetics agreement, how can the agreement be modified?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

accordance with the Franchise Operations Manual. Franchisor will notify Franchisee of updates, revisions, modifications or amendments to the Franchise Operations Manual. Franchisee must comply with all updates, revisions, modifications or amendments to the Franchise Operations Manual no later than 30 days after notification at Franchisee's sole expense.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2024 FDD)

According to the 2024 Kidokinetics Franchise Disclosure Document, the Franchise Operations Manual and other documents are subject to modification from time to time as Kidokinetics determines, in its sole discretion. Kidokinetics will notify the franchisee of updates, revisions, modifications, or amendments to the Franchise Operations Manual, and the franchisee must comply with all updates, revisions, modifications, or amendments to the Franchise Operations Manual no later than 30 days after notification at the franchisee's sole expense.

Additionally, Schedule 1 of the Kidokinetics Franchise Agreement, which pertains to the address of the new Kidokinetics Business Location, can be amended to reflect the new address if the franchisee relocates their business.

These stipulations mean that Kidokinetics retains the right to make changes to the operational guidelines and franchisees are obligated to implement these changes promptly. While the FDD specifies how the operations manual can be modified, it does not detail the process for modifying the franchise agreement itself beyond updating Schedule 1 for location changes. A prospective franchisee should inquire about the specific procedures and conditions under which the franchise agreement can be formally amended or modified.

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.