Is completion of additional training a requirement for Kidokinetics franchise renewal?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Franchise or Other | Summary | |
|---|---|---|---|
| Agreement | |||
| a. | Length of the franchise term | Article 3 | The initial term is 10 years. |
| b. | Renewal or extension of the term | Article 4 | You may renew for one additional term of 10 years, subject to our renewal requirements. If you fail to meet any one of these conditions, we may refuse to renew or extend the terms of your Franchise Agreement. |
| c. | Requirements for franchisee to renew or extend | Article 4 | Be in full compliance, provide written notice to us at least 90 days, but not more than nine months, before the end of the term, update machinery, equipment, tools and vehicles as required, not be in default of any provision of the Franchise Agreement, satisfy all monetary obligations, execute our then-current form of franchise agreement (with materially different terms and conditions than your original Franchise Agreement), comply with then-current qualifications and training requirements, including completion of additional training, pay us a Renewal Fee, execute a general release. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, completing additional training is a requirement for franchise renewal. The initial franchise term for Kidokinetics is 10 years, with an option to renew for one additional term of 10 years if certain conditions are met.
To renew the Kidokinetics franchise, a franchisee must be in full compliance with the existing agreement, provide written notice within a specified timeframe, update equipment as required, not be in default, satisfy all monetary obligations, and execute the then-current franchise agreement. This new agreement may contain significantly different terms and conditions compared to the original.
In addition to these requirements, the franchisee must also comply with the then-current qualifications and training requirements, which include completing additional training. Franchisees must also pay a renewal fee and execute a general release to finalize the renewal process with Kidokinetics.