What must a Kidokinetics franchisee submit to the franchisor before commencing any legal action?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
onsent as to said policy.
- 10.6. Claims. Franchisee will notify Franchisor in writing within three calendar days of the commencement of any action, suit or proceeding and of the issuance of any order, writ, injunction, award or decree of any
court, agency or other governmental instrumentality, in any way relating to or affecting the operation or finan
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, a franchisee must notify Kidokinetics in writing within three calendar days of starting any action, suit, or proceeding. This also applies to the issuance of any order, writ, injunction, award, or decree from a court, agency, or other governmental body that relates to or affects the operation or financial condition of the Kidokinetics business.
This notification requirement ensures that Kidokinetics is promptly informed about any legal or governmental actions that could impact the franchisee's business or its financial stability. By requiring written notice within three days, Kidokinetics aims to stay informed and potentially offer support or take necessary steps to protect the brand and system.
This type of clause is common in franchise agreements, as it allows the franchisor to monitor potential risks and address issues that could affect the entire franchise network. For a prospective Kidokinetics franchisee, this means being diligent about reporting any legal or governmental actions to the franchisor in a timely manner to comply with the franchise agreement.