factual

Regarding Kidokinetics franchises in Minnesota, under what conditions will consent to the transfer of the franchise be withheld?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

With respect to Franchises governed by Minnesota law, we will comply with Minnesota Statute Section 80C.14, Subds. 3, 4 and 5, which require, except in certain specified cases, that you be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for non-renewal of the Franchise Agreement; and that consent to the transfer of the Franchise will not be unreasonably withheld.

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

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, for franchises governed by Minnesota law, consent to the transfer of a franchise will not be unreasonably withheld. This is in accordance with Minnesota Statute Section 80C.14, Subds. 3, 4 and 5, which also requires that franchisees be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for non-renewal of the Franchise Agreement, except in certain specified cases.

This provision ensures that Kidokinetics franchisees in Minnesota have some protection against arbitrary denial of a franchise transfer. It means that Kidokinetics must have a legitimate, justifiable reason for refusing to allow a franchisee to sell or transfer their business to another party.

Prospective franchisees should inquire about what specific conditions Kidokinetics would consider reasonable grounds for withholding consent to a transfer. Understanding these conditions can help a franchisee avoid potential disputes and plan for the future sale of their Kidokinetics business.

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.