What do the terms 'we,' 'our,' and 'us' refer to in the Kidokinetics Franchise Disclosure Document?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
To simplify the language in this Franchise Disclosure Document, the words "we," "our" and "us" refer to Kidokinetics Franchise LLC, the franchisor of this business. "You" and "your" refer to the person who buys the franchise, whether you are a corporation, limited liability company or other business entity. If you are a corporation, limited liability company or other business entity, certain provisions of this Franchise Disclosure Document also apply to your owners.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–9)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the terms 'we,' 'our,' and 'us' are used to refer to Kidokinetics Franchise LLC, which is the franchisor. The terms 'you' and 'your' refer to the person or entity purchasing the franchise. If the franchisee is a corporation, limited liability company, or other business entity, certain provisions of the Franchise Disclosure Document also apply to the owners of that entity.
This clarification is important for prospective franchisees as it establishes who is legally bound by the terms and conditions outlined in the document. Understanding this distinction ensures that franchisees know exactly with whom they are entering into an agreement and who is responsible for fulfilling the franchisor's obligations. It also clarifies that if the franchisee is a business entity, the owners of that entity may also be subject to certain provisions of the agreement.
This type of definition is standard in franchise disclosure documents to avoid ambiguity and ensure clarity in the legal relationship between the franchisor and the franchisee. Franchisees should carefully review the entire FDD and Franchise Agreement to fully understand their rights and obligations, as well as those of Kidokinetics.