What is a 'Development Territory' in the context of a Goldfish Swim School franchise?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We also offer, to persons and entities that meet our qualifications, the opportunity to develop multiple Swim Schools within a protected development territory ("Development Territory") under the terms of the Area Development Agreement ("Area Development Agreement"). If you sign an Area Development Agreement, you must develop an agreed-upon number of Swim Schools according to a specific development schedule and you will sign a separate Franchise Agreement in our then-current form for each Swim School developed under your Area Development Agreement, which may be different from the form of franchise agreement included in this offering.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 10–13)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, a 'Development Territory' is a protected area in which a qualified person or entity has the opportunity to develop multiple Goldfish Swim School franchises. This arrangement is formalized through an Area Development Agreement.
Under the Area Development Agreement, the developer commits to establishing a pre-determined number of Goldfish Swim School locations within the agreed-upon territory, following a specific development schedule. For each swim school developed within the Development Territory, the developer will need to sign a separate Franchise Agreement.
It's important to note that the Franchise Agreement signed for each individual swim school may be different from the standard form included in the FDD. This means that the terms and conditions could vary for each location developed under the Area Development Agreement. Prospective developers should carefully review the terms of both the Area Development Agreement and the individual Franchise Agreements to understand their obligations and rights.