What is the 'Franchise Agreement' in the context of the Goldfish Swim School Area Development Agreement?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 22. CONTRACTS
The Goldfish Swim School Franchising LLC Franchise Agreement (with exhibits) is attached to this Disclosure Document as Exhibit C.
The Goldfish Swim School Franchising LLC General Release is attached to the Franchise Agreement as Exhibit 1.
The Goldfish Swim School Franchising LLC Nondisclosure and Non-Competition Agreement is attached to the Franchise Agreement as Exhibit 2.
The Goldfish Swim School Franchising LLC Unlimited Guaranty and Assumption of Obligations is attached to the Franchise Agreement as Exhibit 3.
The Goldfish Swim School Franchising LLC Conditional Assignment of Lease is attached to the Franchise Agreement as Exhibit 6.
The Goldfish Swim School Franchising LLC Option to Purchase is attached to the Franchise Agreement as Exhibit 7.
The Goldfish Swim School Franchising LLC Telephone Number Assignment is attached to the Franchise Agreement as Exhibit 8.
The Goldfish Swim School Franchising LLC EFT Authorization is attached to the Franchise Agreement as Exhibit 9.
The Goldfish Swim School Franchising, LLC Area Development Agreement (with exhibits) is attached to this Disclosure Document as Exhibit D.
We provide no other contracts or agreements for your signature.
EXHIBIT A
EXHIBIT 9 TO THE FRANCHISE AGREEMENT
ELECTRONIC FUNDS TRANSFER (EFT) AUTHORIZATION
Goldfish Swim School Franchising, LLC Automatic Debit of Amount Due to Franchisor
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the Franchise Agreement is a key contract that outlines the terms and conditions for establishing and operating a Goldfish Swim School franchise. The FDD includes the Goldfish Swim School Franchising LLC Franchise Agreement as Exhibit C. Several additional agreements and documents are attached to the Franchise Agreement as exhibits, including a General Release (Exhibit 1), a Nondisclosure and Non-Competition Agreement (Exhibit 2), an Unlimited Guaranty and Assumption of Obligations (Exhibit 3), a Conditional Assignment of Lease (Exhibit 6), an Option to Purchase (Exhibit 7), a Telephone Number Assignment (Exhibit 8), and an EFT Authorization (Exhibit 9). There are also exhibits to the Franchise Agreement for the Location (Exhibit 10) and Term (Exhibit 11).
The Franchise Agreement works in conjunction with the Area Development Agreement. The Area Development Agreement, included as Exhibit D in the FDD, allows a developer to open multiple Goldfish Swim School franchises within a specific territory. The Franchise Agreement is the agreement that governs each individual franchise location opened under the Area Development Agreement.
Prospective Goldfish Swim School franchisees should carefully review both the Franchise Agreement and the Area Development Agreement, along with all associated exhibits, to fully understand their rights and obligations. Understanding the interplay between these two agreements is crucial for developers planning to open multiple franchise locations.