Does signing the Kidokinetics receipt confirm that I understand the risks of developing and operating a Kidokinetics Franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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. |
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, signing the receipt for the Franchise Disclosure Document itself does not confirm that you understand the risks of developing and operating a Kidokinetics franchise. However, there is a separate Franchise Disclosure Questionnaire that addresses this point.
The Franchise Disclosure Questionnaire asks specific questions to determine if you understand the risks of developing and operating a Kidokinetics franchise. Question 7 on the questionnaire directly asks, "Do you understand the risks of developing and operating a Kidokinetics Franchise?" You must answer "Yes" or "No" to this question.
Kidokinetics requires you to complete this questionnaire to ensure compliance with state and federal laws regarding franchise sales. Your answers on the questionnaire represent that you have considered each question carefully and responded truthfully. The questionnaire is not to be used for any franchise sale in or to residents of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.