When does the Goldfish Swim School development agreement automatically expire?

According to the 2025 Goldfish Swim School Franchise Disclosure Document, the development agreement will automatically expire on the date specified in Section 3.A as the opening date for the last swim school to be opened. This means that the agreement's term is directly tied to the development schedule outlined in the agreement.

For a prospective Goldfish Swim School developer, this highlights the importance of adhering to the development schedule. Failing to meet the opening dates for swim schools as specified in Attachment 1 of the Area Development Agreement can lead to the automatic expiration of the agreement. This could result in the loss of rights to develop further locations within the designated territory.

Furthermore, if a Goldfish Swim School location closes, the developer must secure and open a suitable alternative location within a specific timeframe, while still maintaining the original development schedule. Failure to comply with the development schedule can result in the termination of the agreement and the loss of rights to develop additional locations. Therefore, franchisees need to carefully consider the development schedule and their ability to meet those obligations before entering into a development agreement with Goldfish Swim School.