What is the required notice period for termination of a Kidokinetics franchise in Minnesota (excluding specified cases)?
Kidokinetics Franchise · 2024 FDDAnswer 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, Minnesota franchisees are entitled to specific protections under Minnesota Statutes Section 80C.14, Subds. 3, 4, and 5. These statutes mandate that, except in certain specified cases, Kidokinetics must provide the franchisee with 90 days' notice of termination.
This 90-day notice period includes a 60-day period during which the franchisee has the opportunity to cure any defaults that led to the termination notice. Additionally, the statutes require Kidokinetics to provide 180 days' notice for non-renewal of the Franchise Agreement. Furthermore, any request for consent to transfer the franchise cannot be unreasonably withheld by Kidokinetics.
These regulations provide significant protection to Kidokinetics franchisees in Minnesota, ensuring they have adequate time to address any issues before termination and sufficient notice before non-renewal. This compliance with Minnesota law is a notable aspect for prospective franchisees to consider, as it offers a degree of security and fairness in the franchise relationship within the state.