factual

Does the agreement to attempt internal dispute resolution for Kidokinetics survive termination or expiration of the Franchise Agreement?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

Any obligation of Franchisee or any Principal that contemplates performance of such obligation after termination or expiration of this Agreement or the transfer of any interest of Franchisee or any Principal therein are deemed to survive such termination, expiration or transfer.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2024 FDD)

Based on the 2024 Kidokinetics Franchise Disclosure Document, the agreement does not explicitly state that internal dispute resolution survives termination or expiration. However, the document does state that any obligation of the franchisee that contemplates performance after termination or expiration of the agreement is deemed to survive such termination or expiration.

Additionally, the franchisee's obligations upon termination or expiration of the agreement are outlined, including ceasing operations, discontinuing the use of Kidokinetics' marks, and adhering to non-disclosure and non-competition covenants. Specifically, the non-disclosure covenant regarding confidential information extends beyond the agreement's term and remains perpetually binding.

While the FDD details several obligations that survive termination, it does not directly address whether the specific process of internal dispute resolution continues to apply after the franchise agreement ends. A prospective franchisee should clarify with Kidokinetics whether the obligation to attempt internal dispute resolution remains in effect post-termination or expiration.

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.