Which sections of the Goldfish Swim School Franchise Agreement are deleted in their entirety for franchises in Minnesota?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 23.5 is deleted in its entirety.
Section 23.6 is deleted in its entirety.
Minn.
Stat. §80C.21 and Minn.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, there are two sections of the agreement that are deleted in their entirety for franchises operating in Minnesota. Specifically, Section 23.5 and Section 23.6 of the standard franchise agreement are removed for Minnesota franchisees. This modification is made to ensure compliance with Minnesota state laws and regulations governing franchise operations.
These deletions are part of an addendum to the standard Goldfish Swim School franchise agreement that addresses specific legal considerations within the state of Minnesota. The addendum acknowledges Minnesota Franchise Law, Minn. Stat., Chapter 80C, Sections 80C.01 through 80C.22, and the Rules and Regulations promulgated pursuant thereto by the Minnesota Commission of Securities, Minnesota Rule 2860.4400, et. seq. This indicates that Minnesota franchisees will not be subject to the terms outlined in sections 23.5 and 23.6, which might otherwise conflict with state law.
Prospective franchisees in Minnesota should carefully review the full addendum along with the franchise agreement to understand how their rights and obligations are modified under Minnesota law. It is advisable to seek legal counsel to fully understand the implications of these changes and how they may affect the operation of a Goldfish Swim School franchise in Minnesota.