What is the issuance date of this Kidokinetics disclosure document?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: April 19, 2024
I received a disclosure document issued April 19, 2024 which included the following exhibits:
Exhibit A List of State Administrators and Agents for Service of Process Exhibit B Franchise Agreement Exhibit C Franchise Operations Manual Table of Con ntents Exhibit D Financial Statements Exhibit E List of Current and Former Franchisees Exhibit F Franchise Disclosure Questionnaire Exhibit G State Addenda and Agreement Riders Exhibit H Contracts for Use with the Kidokinetics Fr anchise Exhibit I State Effective Dates Exhibit J Receipt Rev. 012417
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the issuance date is April 19, 2024. This date is important because it signifies when the document was finalized and made available to prospective franchisees.
Kidokinetics is required to provide this disclosure document to potential franchisees at least 14 calendar days before they sign a binding agreement or make any payments to Kidokinetics or its affiliates. This 14-day period allows franchisees to thoroughly review the document and seek professional advice before making a commitment.
Certain states, such as Iowa, Michigan, and New York, have specific requirements regarding when the FDD must be provided. In Iowa, the document must be presented at the first personal meeting to discuss the franchise. Michigan requires delivery at least ten business days before signing any agreement or making any payment, whichever comes first. New York mandates the FDD be provided at the earlier of the first personal meeting or ten business days before any agreement or payment related to the franchise relationship.