Can Kidokinetics promotional programs include unilateral price policies?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisor may, from time to time, initiate promotional programs for the benefit of all franchisees of the System such as "frequent purchase" card programs or special service discounts.
Franchisee agrees to accept and honor all rebates, giveaways, cards, promotional coupons, or other System-wide offers, as accepted by other franchisees in the System.
These programs may include minimum and maximum price policies, minimum advertised price policies and unilateral price policies.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics may initiate promotional programs for the benefit of all franchisees. These programs can include minimum and maximum price policies, minimum advertised price policies, and unilateral price policies.
As a Kidokinetics franchisee, you must accept and honor all rebates, giveaways, cards, promotional coupons, or other System-wide offers, as accepted by other franchisees in the System. This means you are obligated to participate in these promotional programs and adhere to the pricing policies set by Kidokinetics.
The inclusion of unilateral price policies gives Kidokinetics the authority to set pricing that all franchisees must follow. This could impact a franchisee's ability to set prices based on local market conditions or competitive pressures. Franchisees should consider how these pricing policies might affect their profitability and ability to compete in their specific territory.