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If the Kidokinetics franchise is to be operated in Maryland, can the Franchise Disclosure Questionnaire be signed?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

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 cannot be signed if the franchise is to be operated in Maryland. The document explicitly states that the questionnaire is not to be used for franchise sales in Maryland, among other states.

This restriction means that prospective Kidokinetics franchisees in Maryland will not be required to complete the standard Franchise Disclosure Questionnaire. However, it is important to note that Maryland has specific amendments to the Franchise Disclosure Document and Franchise Agreements, as detailed in the state addenda. These amendments address issues such as liability waivers, the ability to bring lawsuits in Maryland under the Maryland Franchise Registration and Disclosure Law, and financial assurances required by the Maryland Securities Commissioner due to the franchisor's financial condition.

Given these specific state requirements, potential franchisees in Maryland should carefully review the state addenda and all related documents with a legal professional to fully understand their rights and obligations under Maryland law. They should also seek clarification from Kidokinetics regarding any alternative forms or processes that may be required in place of the standard Franchise Disclosure Questionnaire to ensure full compliance with both federal and state regulations.

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.