Is the Goldfish Swim School franchisee's right to terminate subject to any applicable state law?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
y differ materially from the original franchise agreement; comply |
| Provision | Section in Franchise or Other Agreement | Summary |
|---|---|---|
| with current training and certification requirements; pay to us the renewal fee of $10,000; and sign a general release in a form the same as or similar to the General Release attached to the Franchise Agreement. | ||
| d. Termination by franchisee | Section 16.1 | Subject to any applicable state law, you may terminate the Franchise Agreement if you are in compliance with it and we materially breach it and we fail to begin t |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–64)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, a franchisee's right to terminate the Franchise Agreement is subject to any applicable state law. Specifically, a franchisee can terminate the agreement if they are in compliance with it, Goldfish Swim School materially breaches the agreement, and Goldfish Swim School fails to begin to cure the breach within 30 days of receiving written notice. This right to terminate is explicitly stated to be subject to any applicable state laws.
This means that state laws could potentially modify or restrict the franchisee's ability to terminate the agreement, even if Goldfish Swim School breaches the agreement. These state laws can vary significantly, potentially affecting the conditions under which a franchisee can terminate the agreement, the notice periods required, or the remedies available.
Prospective Goldfish Swim School franchisees should consult with a legal professional to understand how state laws in their specific location might impact their termination rights under the Franchise Agreement. Understanding these state-specific regulations is crucial for making informed decisions and protecting their interests as franchisees.