If a Kidokinetics franchisee has franchise number 4, what is the grace period in months following expiration?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Franchise Number | Grace Period in Months Following Grace Period Expiration |
|---|---|
| Franchise Number | |
| 2 | 12 months |
| 3 | 24 months |
| 4 | 36 months |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee with franchise number 4 has a grace period of 36 months following the expiration of the franchise agreement. This information is presented in a table outlining the grace periods associated with different franchise numbers.
This extended grace period could provide Kidokinetics franchisees with franchise number 4 additional time to negotiate a renewal, wind down their business, or potentially transfer the franchise. It is important to note that the FDD does not specify what activities are permitted during this grace period, so franchisees should clarify with Kidokinetics what their rights and obligations are during this time.
While the FDD specifies the grace period for franchisees with numbers 2, 3, and 4, it does not detail the grace periods for franchisees with other franchise numbers. A prospective franchisee should confirm with Kidokinetics what grace period would apply to their specific franchise agreement.