Does the Goldfish Swim School agreement specify who is considered a 'Franchisee Party'?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
2. Confidentiality/Non-Disclosure
- a) The Franchisee Parties shall not communicate, divulge, or permit access to (or use for the benefit of) any other person, firm, association, or corporation, with the sole exception of Franchisee, now or at any time in the future, any Trade Secrets or other Confidential Information. At all times from the date of this Agreement, the Franchisee Parties must take all steps reasonably necessary and/or requested by Company to en
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, the agreement specifies who is considered a 'Franchisee Party'. Specifically, the Franchisee Parties are restricted from sharing trade secrets or confidential information with anyone except the Franchisee. This clause ensures that sensitive business information remains protected and is not disclosed to unauthorized individuals or entities.
This definition is important because it broadens the scope of who is bound by the confidentiality obligations within the franchise agreement. It extends beyond just the franchisee to include other parties associated with the franchise. This could encompass employees, managers, or any other individuals who have access to the Goldfish Swim School's confidential information.
For a prospective Goldfish Swim School franchisee, this means they must ensure that all individuals associated with their franchise operation who have access to confidential information are aware of and comply with the confidentiality obligations. This may involve implementing training programs and internal policies to safeguard trade secrets and other sensitive data. Failure to comply with these obligations could result in legal repercussions and damage to the Goldfish Swim School brand.