factual

Is the Kidokinetics franchisee authorized to create obligations on behalf of the franchisor?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 13.7.3 Franchisee shall not use the Intellectual Property to incur any obligation or indebtedness on behalf of Franchisor.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, the franchisee is not authorized to create any obligations on behalf of the franchisor. The franchisee is explicitly prohibited from using Kidokinetics's intellectual property to incur any obligation or indebtedness for the franchisor.

This provision protects Kidokinetics from being held liable for any debts or obligations that a franchisee might incur while operating their franchise. It ensures that Kidokinetics maintains control over its brand and financial responsibilities, preventing franchisees from creating financial risks for the franchisor.

As a Kidokinetics franchisee, it is important to understand that you are an independent business owner and are responsible for your own financial obligations. You cannot represent yourself as an agent of Kidokinetics in a way that would create a financial or legal obligation for them. This is a common provision in franchise agreements to clearly define the relationship between the franchisor and franchisee and to protect the franchisor from liabilities arising from the franchisee's actions.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.