Is there a deadline mentioned in this section of the Kidokinetics FDD regarding the 'Approval of Requested Assignment'?

According to Kidokinetics's 2024 Franchise Disclosure Document, there is no specific deadline mentioned for the franchisor's approval of a requested franchise assignment. However, the document does state that a franchisee must provide all proposed transfer documents to Kidokinetics for review at least 30 days prior to the closing of the proposed transfer.

While the FDD does not explicitly state a deadline for Kidokinetics to approve or disapprove the transfer, it does specify a timeframe for the franchisee to submit documents. This suggests that Kidokinetics needs adequate time to review the proposed transfer, and the 30-day notice provides them with that opportunity. However, without a firm deadline for approval, there is a risk that the transfer process could be delayed.

Prospective Kidokinetics franchisees should inquire with the franchisor about the typical timeframe for reviewing and approving franchise transfer requests. Understanding the expected turnaround time will help franchisees plan accordingly when considering a future sale of their franchise. It would also be prudent to clarify what recourse a franchisee has if the franchisor's approval is unreasonably delayed.