In the Kidokinetics franchise agreement, what information is required to be filled in by the franchisee regarding ownership percentage?

According to Kidokinetics's 2024 Franchise Disclosure Document, the franchise agreement requires franchisees to accurately and completely describe the ownership interests in their Kidokinetics business on Attachment D of the agreement. Furthermore, franchisees must provide Kidokinetics with an updated list of all owners if there is any change of ownership. Kidokinetics also requires that franchisees make a list of their owners available to them at any time upon request.

This means that prospective franchisees need to be prepared to disclose all ownership details, including percentages, as part of the franchise agreement. Any changes in ownership must be promptly reported to Kidokinetics to keep their records current. This requirement ensures that Kidokinetics knows who the owners of each franchise are and can maintain accurate records for communication and legal purposes.

This level of transparency is fairly standard in franchising, as franchisors need to know who they are partnering with and who is ultimately responsible for the operation of the franchise. For a prospective Kidokinetics franchisee, this means being prepared to provide detailed information about the ownership structure of their business and to keep Kidokinetics informed of any changes.