What is the consequence if Kidokinetics Franchise LLC does not deliver the disclosure document on time?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
If Kidokinetics Franchise LLC does not deliver this disclosure document on time or if it contains a false or misleading statement or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580, and the appropriate state agency identified on Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if Kidokinetics fails to deliver the disclosure document on time, or if the document contains false statements, misleading information, or material omissions, it may constitute a violation of both federal and state laws.
In such cases, the document advises that the incident should be reported to the Federal Trade Commission (FTC) in Washington, D.C., as well as to the appropriate state agency. Exhibit A of the FDD contains a list of state agencies to contact.
This measure ensures that prospective franchisees are protected by law and have recourse if Kidokinetics does not adhere to the mandated disclosure requirements. It is a standard practice in franchising to provide a disclosure document within a specific timeframe to allow potential franchisees adequate time to review the opportunity.