Does the Kidokinetics Franchise Agreement include State Addenda and Agreement Riders as an exhibit?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 22. CONTRACTS
| Exhibit B | Franchise Agreement |
|---|---|
| Exhibit F | Franchise Disclosure Questionnaire |
| Exhibit G | State Addenda and Agreement Riders |
| Exhibit H | Contracts for Use with the Kidokinetics Franchise |
**EX
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the Franchise Agreement does include State Addenda and Agreement Riders as an exhibit. Specifically, Exhibit G to the Franchise Agreement consists of the State Addenda and Agreement Riders. Franchisees should carefully review these addenda and riders, as they may contain provisions that modify or supplement the standard terms of the Franchise Agreement to comply with specific state laws or regulations.
State addenda are common in franchising because franchise laws vary significantly from state to state. These addenda ensure that the franchise agreement complies with local legal requirements. Agreement riders can cover a variety of topics, such as modifications to royalty payments, advertising requirements, or dispute resolution procedures.
Prospective Kidokinetics franchisees should pay close attention to any state-specific provisions that apply to their location, as these provisions can affect their rights and obligations under the Franchise Agreement. It is advisable to seek legal counsel to fully understand the implications of these addenda and riders before signing the Franchise Agreement.