Under the Big Blue Swim School DRA, are the development rights assignable?

Based on the 2025 Franchise Disclosure Document, the excerpt provided does not contain information regarding the assignability of development rights under the Big Blue Swim School Development Rights Agreement (DRA). The excerpt focuses on various aspects of the DRA, including development fees, obligations, termination conditions, site selection, and the rights and responsibilities of both the franchisor and franchisee.

Specifically, the document details the conditions under which the DRA can be terminated, such as failure to meet deadlines, rejection of qualified sites, or ceasing operations. It also outlines the franchisor's rights, including the ability to delay construction or opening of swim schools under certain circumstances and the right to exercise Qualified Site Lease Rights. The franchisee's obligations to meet deadlines, sign leases and franchise agreements, and continuously operate the swim schools are also emphasized.

Because the excerpt does not address assignment, prospective Big Blue Swim School franchisees should directly ask the franchisor about the conditions under which the development rights can be assigned, whether there are any restrictions or fees associated with assignment, and what the process for obtaining approval for assignment entails. This information is crucial for understanding the flexibility and potential exit strategies associated with the DRA.