As of the effective date of this Kidokinetics Franchise Disclosure Document, is the franchise registration effective in New York?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The status of the Franchisor's franchise registrations in the states which require registration is as follows:
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- States in which this proposed registration is effective are listed in Exhibit I of the FDD on the page entitled, "State Effective Dates."
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, Exhibit I of the FDD contains a list of states where the proposed franchise registration is effective, under the title "State Effective Dates." Therefore, to determine if the Kidokinetics franchise registration is effective in New York as of the FDD's effective date, a prospective franchisee should refer to Exhibit I.
It is standard practice for franchisors to register their franchise offering in states that require registration before they can legally offer or sell franchises in those states. The FDD typically includes information about the states where the franchise is registered and any states where registration has been refused, revoked, or withdrawn.
By checking Exhibit I, a potential Kidokinetics franchisee can verify whether New York is listed as a state where the franchise registration is effective. This is important because it confirms that Kidokinetics has met the legal requirements to offer franchises in New York as of the date of the FDD.