For Goldfish Swim School, how soon must a replacement Representative be designated after the previous Representative's resignation or termination?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Developer hereby designates the person identified in Attachment 1 as the Representative. Any replacement Representative shall be designated within ten (10) days of the prior Representatives' resignation or termination. Each Representative shall attend and successfully complete to our satisfaction, all of our required training programs, including, without limitation, the management training program and the staff training program. The Representative shall be the same individual under each Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, if the designated Representative resigns or is terminated, a replacement Representative must be designated within ten days. The Representative is defined as an individual who owns an equity interest in the Developer and is authorized to act on behalf of the Developer regarding the Area Development Agreement.
This requirement ensures that there is always a designated individual authorized to represent the Developer's interests and make decisions related to the Area Development Agreement. This is important for maintaining clear communication and accountability between the Developer and Goldfish Swim School.
Furthermore, the FDD states that each Representative must attend and successfully complete all required training programs, including management and staff training. This ensures that the replacement Representative is adequately prepared to fulfill their responsibilities. The Representative must remain the same individual under each Franchise Agreement.