Are the contracts provided in Exhibit H of the Kidokinetics Franchise Disclosure Document subject to change?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The following contracts contained in Exhibit H are contracts that Franchisee is required to utilize or execute after signing the Franchise Agreement in the operation of the Kidokinetics Business. The following are the forms of contracts that Kidokinetics Franchise LLC uses as of the Issuance Date of this Franchise Disclosure Document. If they are marked "Sample," they are subject to change at any time.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the contracts in Exhibit H are subject to change. The FDD specifies that the contracts listed in Exhibit H are those that a franchisee is required to use or execute after signing the Franchise Agreement. However, the disclosure clarifies that if these contracts are marked as "Sample," they can be changed at any time by Kidokinetics.
This means that a prospective Kidokinetics franchisee should carefully review the contracts in Exhibit H, understanding that the specific terms and conditions could be altered by Kidokinetics during the franchise term. It is important to note which contracts are marked as samples, as those are the ones subject to change.
Franchisees should discuss with Kidokinetics what circumstances might lead to changes in these contracts and how much advance notice they would receive of any modifications. Understanding the potential for changes in these contracts is an important part of assessing the overall risks and benefits of investing in a Kidokinetics franchise.