Under what state's law are Kidokinetics disputes governed, enforced, and interpreted?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
- c. This Agreement will be governed by, construed, and enforced under the laws of Florida, and the courts in that state shall have jurisdiction over any legal proceedings arising out of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the franchise agreement is governed by Florida law. This means that the laws of Florida will be used to interpret the agreement, and any disputes arising from the agreement will be subject to the jurisdiction of Florida courts.
This is a standard clause in franchise agreements, specifying which state's laws will apply in case of a disagreement. It ensures that both Kidokinetics and the franchisee have a clear understanding of the legal framework governing their relationship.
For a prospective franchisee, this means that if a dispute arises with Kidokinetics that leads to legal proceedings, the proceedings will take place in Florida, and Florida law will be applied. The franchisee may need to hire legal counsel familiar with Florida law, which could add to the cost of resolving the dispute. It is important for potential franchisees to understand the implications of this clause and consider it when making their investment decision.