Is signing a current Franchise Agreement required for Goldfish Swim School franchise renewal?

According to the 2025 Goldfish Swim School Franchise Disclosure Document, a prospective franchisee must sign the then-current Franchise Agreement to renew their franchise. In addition to signing the current agreement, the franchisee must meet current training and certification requirements, pay a renewal fee of $10,000, and sign a general release.

This requirement ensures that all Goldfish Swim School franchisees operate under the most up-to-date standards and legal terms. By signing the current Franchise Agreement, the franchisee agrees to any changes or updates made to the franchise system since the original agreement was signed. This is a fairly standard practice in franchising, as franchise systems evolve over time to adapt to changing market conditions and legal requirements.

The $10,000 renewal fee is also a common practice in franchising and is typically used to cover the franchisor's costs associated with the renewal process, such as legal and administrative expenses. The general release protects Goldfish Swim School from any potential claims or liabilities arising from the previous term of the franchise agreement.

Prospective franchisees should carefully review the then-current Franchise Agreement before renewing their franchise to understand any changes or updates that have been made to the system. They should also ensure that they meet all of the other requirements for renewal, such as completing the necessary training and certifications and paying the renewal fee.