Is the Kidokinetics registration fee for the national business meeting or annual convention due regardless of whether Franchisee attends?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisor may also require Franchisee to attend a national business meeting or annual convention for up to three days per year, at a location designated by Franchisor and Franchisor reserves the right to require Franchisee to pay a registration fee for each national business meeting and/or annual convention, which fee will be due and payable regardless of whether Franchisee actually attends such meeting or convention, as applicable.
Franchisee will be responsible for any and all incidental expenses incurred by Franchisee or Franchisee's personnel in connection with additional training, or attendance at Franchisor's national business meeting or annual convention, including, without limitation, costs of travel, lodging, meals and wages.
Failure to attend and/or complete mandatory additional training by Franchisee, Franchisee's Principal and/or Manager, or failure of Franchisee to attend Franchisor's national business meeting or annual convention is an event of default of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees may be required to attend a national business meeting or annual convention for up to three days per year. The location of this meeting or convention will be designated by Kidokinetics. Franchisees are required to pay a registration fee for the meeting or convention, and this fee is due regardless of whether the franchisee actually attends.
In addition to the registration fee, franchisees are responsible for all incidental expenses incurred while attending the national business meeting or annual convention. These expenses include, but are not limited to, travel, lodging, meals, and wages for the franchisee and their personnel.
Failure to attend and/or complete mandatory additional training by the franchisee, franchisee's principal and/or manager, or failure of franchisee to attend Kidokinetics's national business meeting or annual convention is an event of default of the Franchise Agreement. This means that not attending the national business meeting or annual convention could result in penalties or termination of the franchise agreement.