factual

Are there any circumstances where the notice periods for termination and non-renewal of a Kidokinetics franchise in Minnesota do not apply?

Kidokinetics Franchise · 2024 FDD

Answer 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 Statute Section 80C.14, Subds. 3, 4, and 5 generally require that Kidokinetics franchisees receive 90 days' notice of termination (with 60 days to cure) and 180 days' notice for non-renewal of the Franchise Agreement. These statutes also stipulate that consent to the transfer of the franchise will not be unreasonably withheld. However, the FDD indicates that these notice requirements do not apply in certain specified cases, although the specific circumstances are not detailed in this excerpt.

For a prospective Kidokinetics franchisee in Minnesota, this means that while they are generally entitled to specific notice periods before termination or non-renewal, there are exceptions. It is important to understand what these exceptions are, as they could significantly impact the franchisee's ability to address any issues that could lead to termination or to plan for the end of the franchise term. The franchisee should be aware of the conditions under which Kidokinetics might not be obligated to provide the standard notice periods.

Given that the specific exceptions are not outlined in the FDD excerpt, a potential franchisee should directly ask Kidokinetics to provide a comprehensive list and explanation of these 'specified cases' during their due diligence. Understanding these exceptions is crucial for assessing the risks and security associated with investing in a Kidokinetics franchise in Minnesota. This information will help the franchisee make an informed decision and avoid potential surprises related to termination or non-renewal.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.