In the Kidokinetics Franchise Agreement, what state is Kidokinetics Franchise LLC a limited liability company in?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
This Confidentiality Agreement ("Agreement") is entered into by the undersigned ("you") in favor of Kidokinetics Franchise LLC, a Florida limited liability company, and its successors and assigns ("us"), upon the terms and conditions set forth in this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, Kidokinetics Franchise LLC is a limited liability company in the state of Florida. This detail is specified in multiple sections of the FDD, particularly within the sample agreements. This means that Kidokinetics is legally registered and operates under the laws governing LLCs in Florida.
For a prospective franchisee, this information confirms the legal structure and domicile of the company they are franchising with. The laws of Florida will govern the interpretation and enforcement of the franchise agreement. Franchisees should be aware of the legal implications of dealing with a Florida-based LLC, especially if they are operating their franchise in a different state.
Knowing the franchisor's state of incorporation can be relevant if legal disputes arise, as the venue for such disputes may be determined by this. It is also useful for franchisees to understand the regulatory environment under which Kidokinetics operates, as this can influence the franchisor's business practices and obligations.