How many days does a Goldfish Swim School franchisee have to execute documents requested by Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Execution of the Documents. Franchisee hereby agrees to execute any and all documents requested by GOLDFISH in order to fully exercise any of the rights under the Real Estate Lease or this Agreement. If Franchisee shall not have executed any such document within the three (3) days after having been so requested by GOLDFISH, Franchisee hereby appoints any member or officer of GOLDFISH as its attorney-in-fact with the full right and power to execute any and all such documents.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, a franchisee has a limited time frame to execute documents requested by Goldfish Swim School. Specifically, the franchisee must execute any and all documents requested by Goldfish Swim School within three days of the request.
If the franchisee fails to meet this deadline, Goldfish Swim School has the authority to act on the franchisee's behalf. In such cases, any member or officer of Goldfish Swim School is appointed as the franchisee's attorney-in-fact, granting them the power to execute the necessary documents. This provision underscores the importance of timely compliance with document requests from the franchisor.
This requirement ensures that Goldfish Swim School can promptly exercise its rights under the Real Estate Lease or the Franchise Agreement. The short timeframe emphasizes the need for franchisees to be responsive and proactive in addressing any document-related requests from Goldfish Swim School to avoid relinquishing control to the franchisor.