How can the Kidokinetics Franchise Agreement be amended or changed?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
7.3.4. Schedule 1 of this Agreement shall be amended to reflect the address of the new Kidokinetics Business Location.
Franchisor will notify Franchisee of updates, revisions, modifications or amendments to the Franchise Operations Manual.
Franchisee must comply with all updates, revisions, modifications or amendments to the Franchise Operations Manual no later than 30 days after notification at Franchisee's sole expense.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Schedule 1 of the Franchise Agreement, which details the address of the Kidokinetics Business Location, can be amended to reflect a new location. Specifically, if a franchisee moves their Kidokinetics business to a new location, Schedule 1 of the agreement will be updated to reflect the new address.
Additionally, the Kidokinetics Franchise Operations Manual, which contains the special procedures, standards, and methods for operating and maintaining the Kidokinetics Business, is subject to modification from time to time as Kidokinetics determines, in its sole discretion. Kidokinetics will notify the franchisee of updates, revisions, modifications, or amendments to the Franchise Operations Manual, and the franchisee must comply with these changes no later than 30 days after notification, at their sole expense.
While the FDD specifies how the business location and operations manual can be changed, it does not provide comprehensive details on how the entire Franchise Agreement can be amended. A prospective franchisee should inquire with Kidokinetics about the specific procedures and conditions under which the entire Franchise Agreement can be formally amended or modified, beyond the location and operations manual updates.