How many days per year might Franchisee, Franchisee's principals, and Manager be required to participate in refresher training for Kidokinetics?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
additional training programs from time to time. If required by Franchisor, Franchisee, Franchisee's principals, if any, and Manager shall participate in refresher training for up to five (5) days per year, at a location designated by Franchisor. Franchisor reserves the right to charge its then-current additional training fee for any additional training provided by Franchisor. Currently, the additional training fee is equal to $500 per person per day of training. Franchisor may also require Franchisee to attend a national business meeting or annual convention for up to three days per year, at a location designated by Franchisor and Franchisor reserves the right to require Franchisee to pay a registration fee for each national business meeting and/or annual convention, which fee will be due and payable regardless of whether Franchisee actually attends such meeting or convention, as applicable. Franchisee will be responsible for any and all incidental expenses incurred by Franchisee or Franchisee's personnel in connection with additional training, or attendance at Franchisor's national business meeting or annual convention, including, without limitation, costs of travel, lodging, meals and wages. Failure to attend and/or complete mandatory additional training by Franchisee, Franchisee's Principal and/or Manager, or failure of Franchisee to attend Franchisor's national business meeting or annual con
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the franchisee, franchisee's principals, and the manager may be required to participate in refresher training. Kidokinetics may require these individuals to attend refresher training for up to five days per year. This training will occur at a location that Kidokinetics designates.
Kidokinetics also reserves the right to charge its then-current additional training fee for any additional training provided. Currently, this additional training fee is $500 per person per day of training. In addition to refresher training, Kidokinetics may require the franchisee to attend a national business meeting or annual convention for up to three days per year at a location it designates.
The franchisee is responsible for all incidental expenses incurred for additional training or attendance at the national business meeting or annual convention. These expenses include costs of travel, lodging, meals, and wages. Failure to attend and complete mandatory additional training or failure to attend the national business meeting or annual convention is an event of default under the Franchise Agreement.