Under what circumstances might Goldfish Swim School reinstate or extend the franchise agreement term?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
In recognition of the 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., the parties to the attached Franchise Agreement agree as follows:
- Sections 4 and 16 are amended to add that with respect to Franchises governed by Minnesota Law, Franchisor will comply with the Minnesota Franchise Law that requires, except in certain specified cases, that Franchisee be given 90 days notice of termination (with 60 days to cure) and 180 days notice of non-renewal of the Agreement.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the excerpts provided do not contain information regarding the specific circumstances under which Goldfish Swim School might reinstate or extend a franchise agreement term. The excerpts focus primarily on addendums to the franchise agreement for specific states, non-compete clauses, and the franchisor's rights regarding establishing or acquiring businesses.
While the provided excerpts discuss termination and non-renewal in the context of Minnesota law, they do not detail the conditions for reinstatement or extension of the franchise agreement itself. The Minnesota addendum mentions that the franchisee must be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice of non-renewal, but this relates to the process of ending the agreement, not continuing it.
To fully understand the conditions for reinstatement or extension, a prospective Goldfish Swim School franchisee should consult the complete Franchise Agreement and ask the franchisor directly about the specific conditions or criteria that would allow for reinstating a terminated agreement or extending the original term. This information is crucial for long-term planning and risk assessment.