factual

Where in the Kidokinetics Franchise Agreement are the forms for the Guaranty and Confidentiality and Non-Compete Agreement located?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

Each Principal and each Principal's spouse will personally execute and bind himself or herself to the Guaranty and Confidentiality and Non-Compete Agreement, in the forms of Attachments E and F to this Agreement, respectively.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, the forms for the Guaranty and Confidentiality and Non-Compete Agreement are included as attachments to the Franchise Agreement. Specifically, the Franchisee's Personal Guaranty is found in Attachment E, and the Confidentiality and Non-Compete Agreement is found in Attachment F. These attachments are referenced within Item 22, which lists all contracts associated with the franchise agreement.

These attachments are crucial because, as stated in section 10.2.8, each Principal and their spouse must personally execute and adhere to both the Guaranty and the Confidentiality and Non-Compete Agreement. This means that these individuals are legally bound to the terms outlined in those agreements, ensuring that the franchisor's interests are protected. The personal guaranty ensures that the franchisee's obligations are met, while the non-compete agreement prevents unfair competition and protects confidential information.

Prospective franchisees should carefully review Attachments E and F to fully understand their obligations and restrictions. It is important to note that these agreements may have significant legal and financial implications for the franchisee and their spouse. Franchisees should seek legal counsel to fully understand the terms and conditions of these agreements before signing the Franchise Agreement.

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.