Does Kidokinetics have any pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of Kidokinetics franchisees?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
REVAIL UPON A PROSPECTIVE FRANCHISEE TO ACCEPT TERMS WHICH ARE LESS FAVORABLE THAN THOSE SET FORTH IN THIS FRANCHISE DISCLOSURE DOCUMENT.
- The following is added at the end of Item 3:
With the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, with the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark. Kidokinetics states that no such party has pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of franchisees and the size, nature or financial condition of the franchise system or its business operations.
This statement assures prospective franchisees that Kidokinetics isn't currently facing any major lawsuits or legal issues that could negatively impact the franchise system. The disclosure specifically excludes 'routine litigation incidental to the business,' which likely refers to minor, common legal matters that most businesses encounter.
However, it's important for potential franchisees to understand the scope and potential impact of any litigation, even if it's considered 'routine.' Franchisees should also consider asking Kidokinetics for more details about the nature of their routine litigation to fully assess any potential risks.