What does the Kidokinetics disclosure document summarize?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Kidokinetics Franchise LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Under Iowa law, if applicable, Kidokinetics Franchise LLC must provide this disclosure document to you at your first personal meeting to discuss the franchise. Michigan requires Kidokinetics Franchise LLC to give you this disclosure document at least ten business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires you to receive this disclosure document at the earlier of the first personal meeting or ten business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If Kidokinetics Franchise LLC does not deliver this disclosure document on time or if it contains a false or misleading statement or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580, and the appropriate state agency identified on Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. The document emphasizes the importance of carefully reading the disclosure document and all agreements.
Kidokinetics must provide the disclosure document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make a payment to Kidokinetics or its affiliates related to the franchise sale. Certain states, such as Iowa, Michigan, and New York, have specific requirements regarding when the disclosure document must be provided, often tied to the first personal meeting or a set number of business days before signing any agreement or making a payment.
The disclosure also states that failure to deliver the document on time, or if it contains false or misleading statements or material omissions, may constitute a violation of federal and state laws. In such cases, the franchisee is advised to report the issue to the Federal Trade Commission and the appropriate state agency, as identified in Exhibit A of the FDD.