What is the deadline for Kidokinetics Franchise LLC to provide the disclosure document in New York?

According to Kidokinetics' 2024 Franchise Disclosure Document, in New York, prospective franchisees must receive the FDD at the earlier of two deadlines. The first possible deadline is at the first personal meeting between the prospective franchisee and Kidokinetics to discuss the franchise opportunity. The second possible deadline is ten business days before the execution of the franchise or other agreement, or the payment of any consideration related to the franchise relationship.

This means that Kidokinetics must provide the FDD to a potential franchisee in New York before either of these two events occurs. If the first personal meeting happens more than ten business days before signing the agreement or making a payment, the FDD must be provided at the time of the meeting. However, if the meeting occurs less than ten business days before signing or payment, the FDD must be provided at least ten business days prior to the signing or payment date, even if that means it's before the first meeting.

This regulation is in place to ensure that potential franchisees have enough time to thoroughly review the FDD and seek professional advice before making any binding commitments or payments to Kidokinetics. Failing to provide the FDD within the stipulated timeframe could result in violations of federal and state laws.