What is the amendment to the Goldfish Swim School Area Development Agreement considered to be?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| The | Goldfish | Swim | School Franchising, LLC Area Development Agreement between | |||
|---|---|---|---|---|---|---|
| ("Developer" or "You") and Goldfish Swim School Franchising, LLC, a | ||||||
| Michigan Limited liability company ("Franchisor," "we" or "us") dated, 20 | ||||||
| (the "Agreement") shall be amended by the addition of the following language, which shall be | ||||||
| considered an integral part of the Agreement (the "Amendment"): |
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the amendment to the Area Development Agreement is considered an integral part of the agreement. Specifically, the Area Development Agreement between the developer and Goldfish Swim School Franchising, LLC will be amended by adding language that constitutes the amendment.
This means that any changes or additions to the original Area Development Agreement are legally binding and carry the same weight as the initial contract terms. Prospective franchisees should carefully review any amendments to fully understand their obligations and rights.
It is common practice in franchising to modify agreements through amendments. These changes can address various issues, such as changes in regulations, operational procedures, or market conditions. Franchisees should pay close attention to these amendments as they become a part of the governing contract.