For the first Big Blue Swim School, when are the Franchise Agreement and SaaS Agreement signed?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| New BIG BLUE Swim School | Single Deadline by Which Lease, Franchise Agreement, and SaaS Agreement for the Specific New Franchised BIG BLUE Swim School Must be Signed by You (or Approved Affiliate) (we expect all three documents to be signed at same time) | Deadline by Which Specific New Franchised BIG BLUE Swim School Must be Opened by You (or Approved Affiliate) and Operating in Territory |
|---|---|---|
| #1 | For 1st BIG BLUE Swim School only, Franchise Agreement and SaaS Agreement are signed concurrently with this DRA Lease Execution Deadline for 1st BIG BLUE Swim School is: | 14 months after date on which lease for BIG BLUE Swim School is signed (even if lease is signed before Lease Execution Deadline appearing in previous column)* |
Source: Item 23 — RECEIPTS (FDD pages 76–278)
What This Means (2025 FDD)
According to Big Blue Swim School's 2025 Franchise Disclosure Document, for the first Big Blue Swim School, the Franchise Agreement and SaaS Agreement are signed concurrently with the DRA Lease Execution Deadline. The specific date for this deadline is not provided in the excerpt but is indicated as "".
This means that as a prospective franchisee, you will need to sign the Franchise Agreement and SaaS Agreement at the same time the lease is executed for your first Big Blue Swim School location. This simultaneous signing is a key requirement in the Development Rights Agreement (DRA) and is intended to ensure that all necessary agreements are in place before moving forward with the development of the swim school.
It is important to note that the actual opening of the Big Blue Swim School must occur within 14 months after the lease is signed, even if the lease is signed before the Lease Execution Deadline. Therefore, franchisees should carefully plan their construction and development timelines to meet this deadline. Franchisees should confirm the specific Lease Execution Deadline with Big Blue Swim School to ensure compliance with the DRA.