What claims are released by the Releasor in the Kidokinetics Waiver and Release of Claims?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
e at any time.
EXHIBIT H-1
KIDOKINETICS FRANCHISE
SAMPLE GENERAL RELEASE AGREEMENT
WAIVER AND RELEASE OF CLAIMS
This Waiver and Release of Claims ("Release") is made as of ___________________________________
WHEREAS, Franchisor and Franchisee have entered into a Franchise Agreement ("Agreement") pursuant to which Franchisee was granted the right to own and operate a Kidokinetics business;
WHEREAS, (Franchisee has notified Franchisor of its desire to transfer the Agreement and all rights related thereto, or an ownership interest in Franchisee, to a transferee/enter into a successor franchise agreement/amend the Agreement) or (the Agreement is being terminated/or indicate other reason for the requirement of this waiver and release), and Franchisor has consented to such (transfer/successor franchise agreement/amendment/termination/other reason);
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, Exhibit H includes a sample General Release Agreement titled "Waiver and Release of Claims." This release is executed when a franchisee transfers their agreement, enters into a successor franchise agreement, amends the agreement, or terminates the agreement. The Releasor agrees to execute this release based on the terms and conditions outlined in the document.
This agreement is put in place as a condition of the franchisor's consent to the transfer, successor agreement, amendment, or termination of the franchise agreement. It ensures that all parties are in agreement before major changes occur within the franchise relationship.
Prospective franchisees should carefully review the full Waiver and Release of Claims agreement to understand the specific claims being released and the implications of signing such a document. It is important to seek legal counsel to fully understand the rights and obligations under this release before making any decisions regarding the transfer, amendment, or termination of their Kidokinetics franchise agreement.