factual

What is the reference exhibit for the Nondisclosure and Non-Competition Agreement for Goldfish Swim School?

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. GENERAL RELEASE
    1. NONDISCLOSURE AND NON-COMPETITION AGREEMENT
    1. UNLIMITED GUARANTY AND ASSUMPTION OF OBLIGATIONS

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

What This Means (2025 FDD)

According to the 2025 Goldfish Swim School FDD, the Nondisclosure and Non-Competition Agreement is listed as Exhibit 2. This exhibit is part of a list of exhibits that also includes a General Release, an Unlimited Guaranty and Assumption of Obligations, and other documents related to the franchise agreement.

Prospective franchisees should carefully review Exhibit 2, the Nondisclosure and Non-Competition Agreement, with their legal counsel. These agreements often contain restrictions that can significantly impact a franchisee's activities both during the term of the franchise and after its termination or expiration. Understanding the scope and enforceability of these provisions is crucial for making an informed decision about investing in a Goldfish Swim School franchise.

Specifically, franchisees should pay close attention to the duration and geographic scope of the non-compete provisions, as well as the definition of what constitutes a "Competitive Business." These factors can vary widely among franchise systems, and it's important to understand how they apply to the specific circumstances of a Goldfish Swim School franchise. The exhibit reference helps the franchisee locate and understand the full scope of these obligations.

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.