What is the date of the Kidokinetics Franchise Agreement?
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/o
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
The Kidokinetics 2024 Franchise Disclosure Document (FDD) includes a sample General Release Agreement that references the Franchise Agreement date. According to Exhibit H-1, the General Release Agreement is made as of a specific date, which is left blank in the sample document: "This Waiver and Release of Claims ('Release') is made as of _________." This release is connected to a Franchise Agreement between the Franchisor and Franchisee, where the Franchisee was granted the right to own and operate a Kidokinetics business.
In the context of assigning a franchise, the FDD also mentions that when a franchise is transferred from a former franchisee to a new franchisee, there was a franchise agreement dated a certain year. However, the specific date is left blank: "WHEREAS, Franchisor and Former Franchisee entered into that certain franchise agreement dated, 20 ('Former Franchise Agreement')."
Because the exact date of the Kidokinetics Franchise Agreement is not provided, prospective franchisees should ask the franchisor directly for a copy of the Franchise Agreement to review all terms and conditions, including the agreement date. Understanding the specific date is essential as it marks the commencement of the franchise term and sets the timeline for various obligations and milestones outlined in the agreement.