What is the Kidokinetics franchisee acknowledging by entering into the Franchise Agreement in the State of Florida?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
of quality, appearance, and service.
- D. Franchisee understands and acknowledges the importance of Franchisor's high and uniform standards of quality, service, and appearance, and the necessity of operating the business franchised in this Agreement in conformity with Franchisor's standards and specifications.
- E. Franchisee has determined to enter into this Agreement because Franchisee desires to operate a high-quality youth fitness business utilizing the System. Franchisee understands and accepts the terms, conditions and covenants contained in this Agreement as being reasonably necessary to maintain Franchisor's high standards of quality and service and the uniformity of those standards and thereby to protect and preserve the goodwill of the Marks and other intellectual property licensed to Franchisee in this Agreement or which may be added to the System from time to time.
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises, commitments and understandings contained herein, the parties hereby agree as follows:
AGREEMENT
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, the franchisee acknowledges several key aspects by entering into the Franchise Agreement, particularly concerning the standards, intellectual property, and legal framework governing the franchise.
By agreeing to the terms of the franchise agreement, the franchisee understands the importance of Kidokinetics' high and uniform standards regarding quality, service, and appearance. They recognize the necessity of operating their Kidokinetics business in strict compliance with the franchisor's standards and specifications. This acknowledgment is crucial for maintaining the goodwill associated with the Kidokinetics marks and other intellectual property. The franchisee also confirms their desire to operate a high-quality youth fitness business utilizing the Kidokinetics system.
Furthermore, the franchisee accepts that the terms, conditions, and covenants within the agreement are reasonably necessary to uphold Kidokinetics' standards and the uniformity of those standards. This acceptance is vital for protecting and preserving the goodwill of the marks and other intellectual property licensed to the franchisee. The agreement also specifies that it is governed by, construed, and enforced under the laws of Florida, and the courts in that state have jurisdiction over any legal proceedings arising from the agreement.
In essence, the Kidokinetics franchisee acknowledges their commitment to adhering to the franchisor's established standards and operating procedures, recognizing the importance of these standards for maintaining the brand's reputation and protecting its intellectual property. They also agree to be legally bound by Florida law in matters pertaining to the franchise agreement.