What exhibit is included in the Kidokinetics disclosure document?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, several exhibits are included. These exhibits provide additional information and documentation related to the franchise offering. Specifically, Exhibit A is a list of State Administrators and Agents for Service of Process. Exhibit B is the Franchise Agreement itself, which outlines the terms and conditions of the franchise relationship. Exhibit C contains the Table of Contents for the Franchise Operations Manual, which details the standards and procedures for operating a Kidokinetics franchise. Exhibit D includes the company's Financial Statements, offering insight into the franchisor's financial health. Exhibit E provides a list of current and former franchisees, allowing prospective franchisees to contact them for feedback. Exhibit F is the Franchise Disclosure Questionnaire. Exhibit G consists of State Addenda and Agreement Riders, which modify the standard agreement to comply with specific state laws. Exhibit H includes Contracts for Use with the Kidokinetics Franchise. Exhibit I lists State Effective Dates. Finally, Exhibit J is a Receipt.
These exhibits are crucial for a prospective franchisee to review thoroughly. The Franchise Agreement (Exhibit B) legally binds the franchisee to certain obligations and standards. The Operations Manual (Exhibit C) dictates how the Kidokinetics business must be run. The financial statements (Exhibit D) can indicate the stability of the franchisor. Contacting current and former franchisees (Exhibit E) is a vital step in due diligence to understand the real-world experiences of those operating the franchise. State-specific addenda (Exhibit G) are also important to understand any variations in the agreement based on the franchisee's location.
It is standard practice for franchisors to include such exhibits in their Franchise Disclosure Documents. These exhibits provide transparency and allow potential franchisees to make informed decisions. The exhibits cover various aspects of the franchise system, from legal agreements to operational guidelines and financial information. Reviewing these exhibits carefully is a critical step in the franchise research process.