Does Kidokinetics have any pending administrative, criminal, or civil actions alleging a violation of an antitrust law?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD 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. No such party has an administrative, criminal or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or deceptive practices or comparable civil or misdemeanor allegations.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 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. Specifically, no such party has an administrative, criminal, or civil action pending against that person alleging a violation of antitrust law.
This means that, based on the disclosure, Kidokinetics and its related parties are not currently facing any legal actions that claim violations of antitrust laws. Antitrust laws are designed to promote competition and prevent monopolies or unfair business practices.
For a prospective franchisee, this indicates a lower risk of the franchisor being involved in legal battles related to anti-competitive behavior. However, it is important to note that this statement is based on the information provided in the FDD and the absence of pending actions at the time of its issuance. Franchisees should continue to monitor the company's legal standing and business practices as part of their ongoing due diligence.