When signing the Kidokinetics receipt, does it confirm that I have personally reviewed the Franchise Disclosure Document and its attachments?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
s below, please explain your answer in the table provided below.
Do not sign this Questionnaire if you are a resident of Maryland or if the franchise is to be operated in Maryland.
| 1. | Yes | No | Have you received and personally reviewed the Franchise Agreement and each attachment or exhibit attached to it that we provided? |
|---|---|---|---|
| 2. | Yes | No | Have you received and personally reviewed the Franchise Disclosure Document and each attachment or exhibit attached to it that we provided? |
| 3. | Yes | No | Did you sign a receipt for the Franchise Disclosure Document indicating the date you received it? |
| 4. | Yes | No | Do you understand all the information contained in the Franchise Disclosure Document and Franchise Agreement? |
| 5. | Yes | No | Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant, or other professional advisor, or have you had the opportunity for such review and chosen not to engage such professionals? |
| 6. | Yes | No | Have you had the opportunity to discuss the benefits and risks of developing and operating a Kidokinetics Franchise with an existing Kidokinetics franchisee? |
| 7. | Yes | No | Do you understand the risks of developing and operating a Kidokinetics Franchise? |
| 8. | Yes | No | Do you understand the success or failure of your Kidokinetics Franchise will depend in large part upon your skills, abilities, and efforts, and those of the persons you employ, as well as many factors beyond your control such as competition, interest rates, the economy, inflation, labor and supply costs, and other relevant factors? |
| 9. | Yes | No | Do you understand all disputes or claims you may have arising out of or relating to the Franchise Agreement must be arbitrated in Florida, if not resolved informally or by mediation (subject to state law)? |
| 10. | Yes | No | Do you understand that you must satisfactorily complete the initial training program before we will allow your Kidokinetics Franchise to open or consent to a transfer of the Kidokinetics Franchise to you? |
|---|---|---|---|
| 11. | Yes | No | Do you agree that no employee or other person speaking on our behalf made any statement or promise regarding the costs involved in operating a Kidokinetics Franchise that is not contained in the Franchise Disclosure Document or that is contrary to, or different from, the information contained in the Franchise Disclosure Document? |
| 12. | Yes | No | Do you agree that no employee or other person speaking on our behalf made any statement or promise or agreement, other than those matters addressed in your Franchise Agreement and any addendum, concerning advertising, marketing, media support, marketing penetration, training, support service, or assistance that is contrary to, or different from, the information contained in the Franchise Disclosure Document? |
| 13. | Yes | No | Do you agree that no employee or other person speaking on our behalf made any statement or promise regarding the actual, average or projected profits or earnings, the likelihood of success, the amount of money you may earn, or the total amount of revenue a Kidokinetics Franchise will generate that is not contained in the Franchise Disclosure Document or that is contrary to, or different from, the information contained in the Franchise Disclosure Document? |
| 14. | Yes | No | Do you understand that the Franchise Agreement, including each attachment or exhibit to the Franchise Agreement, contains the entire agreement between us and you concerning the Kidokinetics Franchise? |
| 15. | Yes | No | Do you understand that we are relying on your answers to this questionnaire to ensure that the franchise sale was made in compliance of state and federal laws? |
| RELY | ON THE | M. BY | IAT YOUR ANSWERS ARE IMPORTANT TO US AND THAT WE WILL SIGNING THIS QUESTIONNAIRE, YOU ARE REPRESENTING THAT ED EACH QUESTION CAREFULLY AND RESPONDED TRUTHFULLY IONS. |
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, signing the receipt confirms you have personally reviewed the Franchise Disclosure Document (FDD) and its attachments. The receipt includes a series of questions that the franchisee must answer, confirming their understanding and review of critical documents.
Specifically, the receipt asks, "Have you received and personally reviewed the Franchise Disclosure Document and each attachment or exhibit attached to it that we provided?" and provides "Yes" or "No" options for the franchisee to select. This confirms that by completing and signing the receipt, the franchisee is attesting to having reviewed the FDD and its exhibits.
Additionally, the receipt includes questions to confirm that the franchisee understands the information in the FDD and Franchise Agreement, has had the opportunity to review these documents with an advisor, and understands the risks involved. It also addresses that no employee made promises that contradict the FDD. This process ensures that franchisees are fully informed before entering into the agreement. Kidokinetics also relies on the answers to ensure compliance with state and federal laws.