factual

Does the Kidokinetics receipt confirm that I have reviewed the Franchise Disclosure Document and Franchise Agreement with a professional advisor, or had the opportunity to do so?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

1. Yes No Have you received and personally reviewed the Franchise Agreement and each attachment or exhibit attached to it that we provided?
2. Yes No Have you received and personally reviewed the Franchise Disclosure Document and each attachment or exhibit attached to it that we provided?
3. Yes No Did you sign a receipt for the Franchise Disclosure Document indicating the date you received it?
4. Yes No Do you understand all the information contained in the Franchise Disclosure Document and Franchise Agreement?
5. Yes No Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant, or other professional advisor, or have you had the opportunity for such review and chosen not to engage such professionals?
6. Yes No Have you had the opportunity to discuss the benefits and risks of developing and operating a Kidokinetics Franchise with an existing Kidokinetics franchisee?
7. Yes No Do you understand the risks of developing and operating a Kidokinetics Franchise?
8. Yes No Do you understand the success or failure of your Kidokinetics Franchise will depend in large part upon your skills, abilities, and efforts, and those of the persons you employ, as well as many factors beyond your control such as competition, interest rates, the economy, inflation, labor and supply costs, and other relevant factors?
9. Yes No Do you understand all disputes or claims you may have arising out of or relating to the Franchise Agreement must be arbitrated in Florida, if not resolved informally or by mediation (subject to state law)?

Source: Item 23 — RECEIPT (FDD pages 59–205)

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, the receipt includes a question asking whether you have reviewed the Franchise Disclosure Document (FDD) and Franchise Agreement with a professional advisor, or had the opportunity to do so. This question is part of a broader questionnaire that Kidokinetics uses to ensure compliance with state and federal laws during the franchise sale.

The receipt includes a series of questions designed to confirm that the prospective franchisee understands the documents and the risks involved. Specifically, question 5 on the receipt asks: "Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant, or other professional advisor, or have you had the opportunity for such review and chosen not to engage such professionals?"

This question is important because it highlights the importance of seeking professional advice before making a final decision on purchasing a Kidokinetics franchise. While answering 'yes' to this question on the receipt does not guarantee that you made the right decision, it does confirm that you were given the opportunity to seek professional counsel and made an informed decision.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.