What is the deadline for Kidokinetics Franchise LLC to provide the disclosure document in Iowa?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Under Iowa law, if applicable, Kidokinetics Franchise LLC must provide this disclosure document to you at your first personal meeting to discuss the franchise.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, if Iowa law applies, Kidokinetics Franchise LLC must provide the FDD to the prospective franchisee at their first personal meeting to discuss the franchise opportunity. This requirement ensures that potential franchisees in Iowa have access to the necessary information before engaging in detailed discussions about the franchise.
This stipulation is specific to Iowa and differs from the general federal requirement of providing the FDD 14 calendar days before signing an agreement or making a payment. It also contrasts with the requirements in Michigan and New York, which mandate disclosure at least ten business days before signing any agreement or making a payment, or at the first personal meeting, whichever comes first.
For a prospective Kidokinetics franchisee in Iowa, this means they should receive the FDD at the initial meeting where the franchise is discussed. It is crucial to confirm with Kidokinetics whether Iowa law is applicable in their specific case and to ensure they receive the FDD at that first meeting to comply with state regulations.