What is the minimum number of business days before the execution of the franchise agreement that Kidokinetics requires you to receive the disclosure document in New York?

According to Kidokinetics's 2024 Franchise Disclosure Document, New York requires that prospective franchisees receive the Franchise Disclosure Document (FDD) at the earlier of two instances: the first personal meeting with the franchisor or ten business days before the execution of the franchise agreement. This regulation ensures that potential franchisees have adequate time to review the FDD and make informed decisions.

This requirement is designed to protect franchisees by providing them with sufficient time to carefully consider the terms of the franchise agreement and assess the risks and benefits of investing in a Kidokinetics franchise. The ten-business-day period allows franchisees to consult with attorneys, accountants, and other advisors to fully understand the implications of the franchise agreement before committing to the investment.

For a prospective Kidokinetics franchisee in New York, this means they must receive the FDD at least ten business days before signing the franchise agreement or paying any consideration related to the franchise. The earlier of the first personal meeting or the ten-business-day mark is the trigger. This provides a critical window for due diligence and informed decision-making, aligning with franchise regulations aimed at transparency and fairness.