factual

Where can I find the definition of 'Approved Supplier(s)' within the Goldfish Swim School Franchise Agreement?

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

  • "Approved Supplier(s)" has the meaning given to such term in Section 13.1;

Source: Item 23 — RECEIPTS (FDD pages 77–389)

What This Means (2025 FDD)

According to the 2025 Goldfish Swim School Franchise Disclosure Document, the definition of "Approved Supplier(s)" can be found in Section 13.1 of the Franchise Agreement. This means that when reviewing the agreement, a prospective franchisee should refer to this specific section to understand what constitutes an approved supplier and any obligations or requirements associated with using these suppliers.

Understanding the definition of "Approved Supplier(s)" is crucial for a Goldfish Swim School franchisee because it dictates where they can source certain supplies and services necessary for operating their franchise. Often, franchisors require franchisees to use approved suppliers to maintain quality control and brand consistency across all locations. This can impact the franchisee's operating costs and their ability to negotiate prices with suppliers.

It is important for a potential Goldfish Swim School franchisee to carefully review Section 13.1 to understand the criteria for supplier approval, whether the franchisor or its affiliates are included as approved suppliers, and the process for requesting approval of new suppliers. This information will help the franchisee assess the flexibility they have in sourcing supplies and the potential impact on their business operations and profitability.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.