What is the issuance date of the Kidokinetics disclosure document referenced in the receipt?
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' 2024 Franchise Disclosure Document, the issuance date of the disclosure document referenced in the receipt is April 19, 2024. This date is important because it signifies when the FDD was officially prepared 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 related to the franchise. This waiting period allows franchisees to thoroughly review the document and seek professional advice.
The FDD includes several exhibits, such as the list of state administrators and agents for service of process, the Franchise Agreement, the Franchise Operations Manual Table of Contents, financial statements, lists of current and former franchisees, a franchise disclosure questionnaire, state addenda and agreement riders, contracts for use with the Kidokinetics franchise, state effective dates, and the receipt itself. Franchisees should carefully examine all these exhibits to fully understand the terms and conditions of the franchise agreement.