From what date is the Goldfish Swim School agreement effective?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
"Construction Commencement Period" shall mean the period that expires three hundred thirty (330) days following the Effective Date;
Should Franchisee fail to select a site for the Franchised Swim School that is accepted by Franchisor within one hundred eighty (180) days after the Effective Date ("Site Selection Period"), Franchisor has the right to terminate this Agreement.
Franchisee shall accept and use any such changes in, or additions to, the System as if they were a part of this Agreement as of the Effective Date.
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's effective date is referenced in the context of site selection and system modifications. Specifically, the franchisee has 180 days from the "Effective Date" to select a site approved by Goldfish Swim School. Failure to do so allows Goldfish Swim School to terminate the agreement, with a partial refund of the franchise fee.
Additionally, Goldfish Swim School has the right to modify the System, and franchisees must accept these changes as if they were part of the agreement from the "Effective Date." This includes selling new products/services and ceasing old ones within 30 days of notice. Franchisees are responsible for the costs associated with these modifications.
Furthermore, the "Construction Commencement Period" is defined as the 330 days following the "Effective Date." This means a franchisee needs to begin construction within roughly 11 months of the franchise agreement taking effect. Prospective franchisees should confirm the specific date the agreement becomes effective with Goldfish Swim School to accurately plan their site selection, potential system modifications, and construction timeline.