Are fees paid to vendors or other suppliers refundable for Kidokinetics franchisees?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
All fees paid to us or our affiliates are uniform and not refundable under any circumstances 1. once paid.
Fees paid to vendors or other suppliers may be refundable depending on the vendors and suppliers.
We currently require you to pay fees and other amounts due to us or our affiliates via electronic funds transfer ("EFT") or other similar means.
You are required to complete the ACH authorization (in the form attached to this Franchise Disclosure Document in Exhibit H).
We can require an alternative payment method or payment frequency for any fees or amounts owed to us or our affiliates under the Franchise Agreement.
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, fees paid directly to Kidokinetics or its affiliates are not refundable under any circumstances once paid. However, fees paid to outside vendors or suppliers may be refundable, depending on the specific policies of those vendors and suppliers.
This means that a prospective Kidokinetics franchisee should carefully review the refund policies of all third-party vendors and suppliers they will be working with. Since refunds are not guaranteed, franchisees should consider this when making payments to these external entities. Understanding these policies is crucial for managing financial risks associated with vendor relationships.
Kidokinetics requires franchisees to pay fees due to them or their affiliates via electronic funds transfer (EFT) or similar methods. The franchisee must complete an ACH authorization form. Kidokinetics retains the right to require alternative payment methods or frequencies for fees owed under the Franchise Agreement. Franchisees should be aware of these payment requirements and ensure they are prepared to comply with the specified methods and schedules.