What documents might the State Addendum for Kidokinetics modify?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The following modifications are made to the Kidokinetics Franchise LLC ("Franchisor," "us," "we," or "our") Franchise Disclosure Document ("FDD") given to franchisee ("Franchisee," "you," or "your") and may supersede, to the extent then required by valid applicable state law, certain portions of the Franchise Agreement between you and us dated
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the State Addendum is designed to modify several key documents. Specifically, it may supersede portions of the Franchise Disclosure Document (FDD) itself, the Franchise Agreement, and any Supplemental Agreements.
This means that prospective Kidokinetics franchisees need to pay close attention to the State Addendum for their specific state, as its terms will take precedence over conflicting terms in the standard franchise documents. The modifications are implemented to ensure compliance with state laws that vary across different regions.
For example, the FDD mentions specific modifications for California, such as amendments to Item 6 regarding interest rates on late payments and the deletion of certain questions from the Franchise Disclosure Questionnaire. Similarly, for Wisconsin, the addendum clarifies that the Wisconsin Fair Dealership Law supersedes any conflicting provisions in the Franchise Agreement. Therefore, franchisees must carefully review the addendum to understand their rights and obligations within their specific state.
Kidokinetics franchisees should be aware that these state-specific addenda are legally binding and designed to protect their interests under local laws. It is crucial to consult with a legal professional to fully understand the implications of these modifications before signing any agreements.