What is the full legal name of the franchisor in the Kidokinetics 'Approval of Requested Assignment' agreement?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Approval of Requested Assignment ("Agreement") is entered into this day of, 20, between Kidokinetics Franchise LLC ("Franchisor"), a |
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| Florida limited liability company, ("Former Franchisee"), the |
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the full legal name of the franchisor in the 'Approval of Requested Assignment' agreement is Kidokinetics Franchise LLC. This entity is identified as a Florida limited liability company.
This information is crucial for prospective franchisees as it clarifies the legal entity they will be contracting with when assigning their franchise. Knowing the franchisor's legal name and entity type (LLC) helps franchisees understand the structure of the Kidokinetics organization and the legal implications of the franchise agreement.
It is important for franchisees to verify this information independently and understand the implications of dealing with a limited liability company, including liability and legal responsibilities. This ensures that all legal documents and transactions are correctly executed with the appropriate entity.