Where can I find the definition of 'Brand Fund' within the Goldfish Swim School Franchise Agreement?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Whenever used in this Agreement, the following words and terms have the following meanings:
- "Affiliate" means any business entity that controls, is controlled by, or is under common control with Franchisor;
- "Agreement" means this agreement entitled "Goldfish Swim School Franchising LLC Franchise Agreement" and all instruments supplemental hereto or in amendment or confirmation hereof;
- "Approved Location" means the site for the operation of the Franchised Swim School selected by Franchisee and accepted in writing by Franchisor;
- "Approved Supplier(s)" has the meaning given to such term in Section 13.1;
- "Area of Primary Responsibility" has the meaning given to such term in Section 2.5;
- "Brand Fund" has the meaning given to such term in Section 11.3;
- "Brand Fund Contribution" has the meaning given to such term in Section 11.3;
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 "Brand Fund" is located in Section 11.3 of the Franchise Agreement. Item 23 of the FDD includes definitions of various terms used within the agreement. Specifically, it notes that the term "Brand Fund" has the meaning given to it in Section 11.3 of the agreement.
For a prospective franchisee, this means that to understand the full scope and obligations related to the Brand Fund, they must refer to Section 11.3 within the Franchise Agreement. This section will outline how the fund is used, how contributions are made, and other relevant details. The FDD serves as a roadmap, directing franchisees to the specific sections of the agreement where key terms are fully defined.
Understanding the definition of the Brand Fund is crucial because it likely involves financial contributions from franchisees and dictates how those funds are used for the benefit of the Goldfish Swim School brand. Franchisees should carefully review Section 11.3 to understand their obligations and rights related to the Brand Fund.