After receiving the Kidokinetics Franchise Disclosure Document, what should I do with the duplicate copy of the Receipt?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
r and sale of business opportunities or seller-assisted marketing plans.
ITEM 23. RECEIPT
The last pages of this Franchise Disclosure Document, Exhibit J, are a detachable document, in duplicate. Please detach, sign, date and return one copy of the Receipt to us, acknowledging you received this Franchise Disclosure Document. Please keep the second copy for your records.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Exhibit J contains a detachable receipt in duplicate. After receiving the FDD, you should detach, sign, and date one copy of the receipt and return it to Kidokinetics Franchise LLC, located at 10428 West SR 84, Unit 1, Davie, FL 33324. The other copy of the receipt should be kept for your records.
This receipt serves as an acknowledgment that you received the FDD, which is a critical step in the franchise sales process. Franchisors must provide the FDD to prospective franchisees at least 14 calendar days before signing a binding agreement or making any payments. This waiting period allows potential franchisees to thoroughly review the document and seek professional advice.
By signing the receipt, you are confirming that you received the FDD, but you are not obligated to purchase a franchise. However, failing to return the signed receipt could delay the franchise process, as Kidokinetics needs this confirmation to proceed. Keeping a copy of the receipt for your records is essential, as it serves as proof that you received the FDD and when you received it, which could be important if any disputes arise later.