If I answer 'No' to understanding the risks of operating a Kidokinetics franchise on the receipt, can I still proceed with the franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
As you know, Kidokinetics Franchise LLC ("we" or "us"), and you are preparing to enter into a Franchise Agreement for the operation of a Kidokinetics franchise. You cannot sign or date this questionnaire the same day as the Receipt for the Franchise Disclosure Document, but you must sign and date it the same day you sign the Franchise Agreement. Please review each of the following questions carefully and provide honest responses to each question. If you answer "No" to any of the questions below, please explain your answer in the table provided below.
Do not sign this Questionnaire if you are a resident of Maryland or if the franchise is to be operated in Maryland.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the Franchise Disclosure Questionnaire includes several questions that the franchise applicant must answer. If the applicant answers 'No' to any of the questions, they must explain their answer in the table provided.
It's important to note that the questionnaire explicitly states that it should not be signed if the applicant is a resident of Maryland or if the franchise is to be operated in Maryland. Furthermore, the document emphasizes that Kidokinetics is relying on the applicant's answers to ensure that the franchise sale complies with state and federal laws.
For franchise applicants in California, certain questions (7, 8, and 15) are deleted from the Franchise Disclosure Questionnaire. If a California applicant answers these questions, Kidokinetics will disregard the answers and will not rely on any representations inferred from those answers. Therefore, while answering 'No' to certain questions requires explanation, it does not automatically disqualify an applicant unless they are located in Maryland.