Does the Kidokinetics franchise agreement specify the content of the additional training required for renewal?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Franchise or Other | Summary | |
|---|---|---|---|
| Agreement | |||
| a. | Length of the franchise term | Article 3 | The initial term is 10 years. |
| b. | Renewal or extension of the term | Article 4 | You may renew for one additional term of 10 years, subject to our renewal requirements. If you fail to meet any one of these conditions, we may refuse to renew or extend the terms of your Franchise Agreement. |
| c. | Requirements for franchisee to renew or extend | Article 4 | Be in full compliance, provide written notice to us at least 90 days, but not more than nine months, before the end of the term, update machinery, equipment, tools and vehicles as required, not be in default of any provision of the Franchise Agreement, satisfy all monetary obligations, execute our then-current form of franchise agreement (with materially different terms and conditions than your original Franchise Agreement), comply with then-current qualifications and training requirements, including completion of additional training, pay us a Renewal Fee, execute a general release. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, to renew the franchise agreement for an additional 10-year term, a franchisee must meet several requirements. These include being in full compliance with the existing agreement, providing timely written notice, updating equipment as required, not being in default, satisfying all monetary obligations, and executing the then-current franchise agreement.
One of the conditions for renewal is that the franchisee must comply with the then-current qualifications and training requirements, including completing additional training. However, the FDD does not specify the content, nature, or extent of this additional training.
As the specific details of the additional training are not outlined in the FDD, a prospective Kidokinetics franchisee should inquire with the franchisor about the scope, cost, and time commitment involved in the additional training to fully understand the obligations for renewal.