Does the renewal of a Goldfish Swim School franchise require signing a general release?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
------------------------------------------------------------------| | | | 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
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, franchisees must sign a general release to renew their franchise agreement. In addition to signing a general release, the franchisee must meet current training and certification requirements and pay a renewal fee of $10,000. The general release must be in a form similar to the General Release attached to the Franchise Agreement.
This requirement means that as part of renewing their franchise agreement, a franchisee will be required to release Goldfish Swim School from any known or unknown claims or liabilities. This is a fairly standard practice in franchising, as it ensures that the franchisor and franchisee start the new term with a clean slate.
Prospective franchisees should carefully review the General Release attached to the Franchise Agreement to understand the full scope of what they are releasing. They may also want to consult with an attorney to discuss the implications of signing such a release.