To whom should a violation of federal law regarding the Kidokinetics disclosure document be reported?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
If Kidokinetics Franchise LLC does not deliver this disclosure document on time or if it contains a false or misleading statement or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580, and the appropriate state agency identified on Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if the document is not delivered on time, contains false or misleading statements, or has material omissions, a violation of federal law may have occurred. In such cases, the violation should be reported to the Federal Trade Commission (FTC) in Washington, D.C. 20580.
Additionally, the FDD states that violations of state law should be reported to the appropriate state agency. Exhibit A of the Kidokinetics FDD contains a list of State Administrators and Agents for Service of Process, which identifies the relevant state agencies to contact.
Prospective franchisees should carefully review the FDD and all related agreements to ensure they receive the document in a timely manner and that all information is accurate and complete. If any discrepancies or concerns arise, they should seek legal counsel and report any potential violations to the FTC and the appropriate state agency as listed in Exhibit A.