Besides the franchise agreement, what other documents can a terminated Gokhale Method franchisee retain?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a disclosure document dated May 15, 2024, that included the following Exhibits:
A. Gokhale Method Franchise Agreement
Exhibit A – Franchise Fee Schedule and Price List
Exhibit B – Approved Formats
Exhibit C – Personal Guarantee
Exhibit D – State Amendments
- B. Table of Contents of Teachers' Manual
- C. Financial Statements
- D. List of Franchisees
- E. List of Franchisees who have left the system
- F. List of State Agencies
- G. State Addenda to the Disclosure Document
- H. Receipt
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
The 2024 Gokhale Method Franchise Disclosure Document includes a receipt that lists several exhibits. These exhibits include the Franchise Fee Schedule and Price List, Approved Formats, Personal Guarantee, State Amendments, Table of Contents of Teachers' Manual, Financial Statements, List of Franchisees, List of Franchisees who have left the system, List of State Agencies, State Addenda to the Disclosure Document, and the Receipt itself.
However, the FDD does not explicitly state whether a franchisee is entitled to retain copies of these documents upon termination of the franchise agreement. Item 22 details obligations upon termination, such as ceasing operations, ceasing use of confidential information and marks, cancellation of registrations, and assignment of lease, but it does not address the franchisee's right to retain copies of the exhibits to the Franchise Disclosure Document.
Therefore, it remains unclear whether a terminated Gokhale Method franchisee can retain these documents. A prospective franchisee should clarify this point with Gokhale Method prior to signing the franchise agreement to understand their rights regarding these documents post-termination.