Does the Kidokinetics disclosure document include a list of state administrators?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: April 19, 2024
I received a disclosure document issued April 19, 2024 which included the following exhibits:
Exhibit A List of State Administrators and Agents for Service of Process Exhibit B Franchise Agreement Exhibit C Franchise Operations Manual Table of Con ntents Exhibit D Financial Statements Exhibit E List of Current and Former Franchisees Exhibit F Franchise Disclosure Questionnaire Exhibit G State Addenda and Agreement Riders Exhibit H Contracts for Use with the Kidokinetics Fr anchise Exhibit I State Effective Dates Exhibit J Receipt Rev. 012417
ITEM 23. RECEIPT
The last pages of this Franchise Disclosure Document, Exhibit J, are a detachable document, in duplicate. Please detach, sign, date and return one copy of the Receipt to us, acknowledging you received this Franchise Disclosure Document. Please keep the second copy for your records.
EXHIBIT A
STATE ADMINISTRATORS AND AGENTS FOR SERVICE OF PROCESS
STATE ADMINISTRATORS AND AGENTS FOR SERVICE OF PROCESS
CALIFORNIA
State Administrator and Agent for Service of Process: Commissioner Department of Financial Protection and Innovation 320 W. 4th Street, #750 Los Angeles, CA 90013 (213) 576-7500 (866) 275-2677
HAWAII
Commissioner of Securities of the State of Hawaii 335 Merchant Street, Room 203 Honolulu, HI 96813 (808) 586-2722
Agent for Service of Process: Commissioner of Securities of the State of Hawaii Department of Commerce and Consumer Affairs Business R
NEW YORK
- The following information is added to the cover page of the Franchise Disclosure Document:
INFORMATION COMPARING FRANCHISORS IS AVAILABLE. CALL THE STATE ADMINISTRATORS LISTED IN EXHIBIT A OR YOUR PUBLIC LIBRARY FOR SERVICES OR INFORMATION. REGISTRATION OF THIS FRANCHISE BY NEW YORK STATE DOES NOT MEAN THAT NEW YORK STATE RECOMMENDS IT OR HAS VERIFIED THE INFORMATION IN THIS FRANCHISE DISCLOSURE DOCUMENT. IF YOU LEARN ANYTHING IN THIS FRANCHISE DISCLOSURE DOCUMENT IS UNTRUE, CONTACT THE FEDERAL TRADE COMMISSION AND THE APPROPRIATE STATE OR PROVINCIAL AUTHORITY. THE FRANCHISOR MAY, IF IT CHOOSES, NEGOTIATE WITH YOU ABOUT ITEMS COVERED IN THE FRANCHISE DISCLOSURE DOCUMENT. HOWEVER, THE FRANCHISOR CAN NOT USE THE NEGOTIATING PROCESS TO PREVAIL UPON A PROSPECTIVE FRANCHISEE TO ACCEPT TERMS WHICH ARE LESS FAVORABLE THAN THOSE SET FORTH IN THIS FRANCHISE DISCLOSURE DOCUMENT.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
Yes, according to the 2024 Kidokinetics Franchise Disclosure Document, Exhibit A includes a list of state administrators and agents for service of process. This list is important because it provides contact information for state agencies that regulate franchising and can assist franchisees with questions or complaints.
For example, the FDD lists the California State Administrator and Agent for Service of Process as the Commissioner, Department of Financial Protection and Innovation, located in Los Angeles, with phone numbers (213) 576-7500 and (866) 275-2677. Similarly, it identifies the Commissioner of Securities of the State of Hawaii as both the State Administrator and Agent for Service of Process, with an address in Honolulu and phone number (808) 586-2722.
Having this information readily available in the FDD is beneficial for prospective Kidokinetics franchisees, as it allows them to easily access the necessary contacts for regulatory oversight and assistance in their respective states. Furthermore, the New York addendum explicitly states that information comparing franchisors is available by calling the state administrators listed in Exhibit A or by contacting a public library.