Does the Kidokinetics Release agreement apply to claims arising under the Washington Franchise Investment Protection Act?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
e at any time.
EXHIBIT H-1
KIDOKINETICS FRANCHISE
SAMPLE GENERAL RELEASE AGREEMENT
WAIVER AND RELEASE OF CLAIMS
This Waiver and Release of Claims ("Release") is made as of ___________________________________
WHEREAS, Franchisor and Franchisee have entered into a Franchise Agreement ("Agreement") pursuant to which Franchisee was granted the right to own and operate a Kidokinetics business;
WHEREAS, (Franchisee has notified Franchisor of its desire to transfer the Agreement and all rights related thereto, or an ownership interest in Franchisee, to a transferee/enter into a successor franchise agreement/amend the Agreement) or (the Agreement is being terminated/or indicate other reason for the requirement of this waiver and release), and Franchisor has consented to such (transfer/successor franchise agreement/amendment/termination/other reason);
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
Based on the 2024 Kidokinetics Franchise Disclosure Document, it is not possible to determine whether the General Release Agreement applies to claims arising under the Washington Franchise Investment Protection Act. While Exhibit H-1 contains a sample General Release Agreement, the document does not specify which types of claims are subject to the release. The agreement includes a general waiver and release of claims, but without further details, its scope regarding specific state franchise laws remains unclear.
A prospective Kidokinetics franchisee in Washington should carefully review the full General Release Agreement with legal counsel to understand its implications. It is essential to determine whether signing the release would waive any rights or claims under the Washington Franchise Investment Protection Act, which is designed to protect franchisees from unfair practices.
To gain clarity, a potential franchisee should ask Kidokinetics for a definitive statement on whether the General Release Agreement is intended to cover claims under the Washington Franchise Investment Protection Act. Understanding the scope of the release is crucial for making an informed decision about investing in a Kidokinetics franchise and protecting their legal rights.