Is there an ACH authorization form required for Kidokinetics franchisees, and where can it be found?

According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees are required to complete an ACH authorization form. This form is necessary because Kidokinetics requires franchisees to pay all fees and other amounts due to them or their affiliates via electronic funds transfer (EFT) or similar electronic means. The ACH authorization form is attached to the Franchise Disclosure Document as Exhibit H.

This requirement means that prospective Kidokinetics franchisees must set up electronic payment methods to remit fees. This is a fairly standard practice in franchising, as it ensures timely and consistent payments to the franchisor. The use of EFT simplifies the payment process for both the franchisee and Kidokinetics, reducing administrative overhead and potential delays associated with other payment methods.

Franchisees should carefully review Exhibit H and complete the ACH authorization form accurately to avoid any issues with fee payments. It is important to understand the terms and conditions of the authorization, including the types of fees that will be debited electronically and the frequency of payments. Franchisees should also be aware that Kidokinetics retains the right to require alternative payment methods or payment frequencies for any fees owed under the Franchise Agreement.