factual

What is the effect of a statement, questionnaire, or acknowledgment signed by a Kidokinetics franchisee in North Dakota regarding waivers of claims?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.

Source: Item 23 — RECEIPT (FDD pages 59–205)

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, a specific provision addresses the effect of signed documents by franchisees in North Dakota. Any statement, questionnaire, or acknowledgment signed or agreed to by a Kidokinetics franchisee in connection with starting the franchise relationship will not waive claims under North Dakota's applicable state franchise law. This includes claims related to fraud in the inducement.

This means that even if a franchisee signs a document that appears to waive certain rights or claims, that waiver will not be legally effective under North Dakota law. The franchisee retains the right to pursue claims against Kidokinetics, particularly those related to misrepresentation or fraud during the franchise sales process. This protection is designed to ensure that franchisees are not unknowingly or unfairly deprived of their legal rights.

This provision also clarifies that it takes precedence over any conflicting terms in any document executed in connection with the franchise agreement. Therefore, any clause in the franchise agreement or related documents that suggests a franchisee waives their rights under North Dakota franchise law is superseded by this specific non-waiver provision. This ensures that the franchisee's rights are protected regardless of other contractual language.

Prospective Kidokinetics franchisees in North Dakota should be aware of this protection, as it provides an added layer of security against potentially overreaching waivers or disclaimers. It is always advisable to consult with an attorney to fully understand one's rights and obligations under a franchise agreement, but this provision offers a degree of assurance that certain fundamental legal rights cannot be waived away by standard form documents.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.