factual

Can the Kidokinetics Release agreement be modified orally?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

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EXHIBIT H

CONTRACTS FOR USE WITH THE KIDOKINETICS FRANCHISE

The following contracts contained in Exhibit H are contracts that Franchisee is required to utilize or execute after signing the Franchise Agreement in the operation of the Kidokinetics Business. The following are the forms of contracts that Kidokinetics Franchise LLC uses as of the Issuance Date of this Franchise Disclosure Document. If they are marked "Sample," they are subject to change 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); and

WHEREAS, as a condition to Franchisor's consent to (transfer the Agreement/enter into a successor franchise agreement/amend the Agreement/terminate the Agreement/other reason), Releasor has agreed to execute this Release upon the terms and conditions stated below.

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 Release agreement can be modified orally. The document includes sample release agreements and mentions that these are subject to change, but it does not specify whether modifications must be in writing.

Item 22 lists various contracts used within the Kidokinetics franchise system, including a Sample General Release Agreement. While the FDD provides the agreement itself, it does not include specific terms about amendments or modifications.

A prospective franchisee should ask Kidokinetics about the specific requirements for modifying the Release agreement, including whether oral modifications are permitted or if all changes must be documented in writing. This information is crucial for understanding the legal obligations and potential liabilities associated with the franchise.

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.