Does the Kidokinetics release allow for execution in multiple counterparts?

According to Kidokinetics' 2024 Franchise Disclosure Document, the Franchise Agreement allows for execution in multiple counterparts. Specifically, Section 20.10 states that the agreement may be executed in multiple counterparts, each of which is considered an original when executed, and all of which together constitute one and the same instrument.

This means that the Kidokinetics Franchise Agreement does not require all parties to sign the same physical document. Instead, the franchisor and franchisee can sign separate copies of the agreement, and these copies together will form a complete and legally binding contract. This is a common practice in franchising and business law, as it simplifies the signing process, especially when parties are geographically separated.

For a prospective Kidokinetics franchisee, this clause offers convenience. It allows for a smoother and potentially faster execution process, as the franchisee and franchisor do not need to be in the same location to sign the agreement. This can be particularly beneficial when time is of the essence in securing a franchise location or starting operations.