Can Gokhale Method change the Billing Fee Schedule at any time?

According to Gokhale Method's 2024 Franchise Disclosure Document, the Billing Fee Schedule, which is included as Exhibit A to the franchise agreement, is subject to change. Gokhale Method retains the discretion to modify the schedule. However, they must provide franchisees with thirty (30) days' notice before any changes take effect.

This means that while Gokhale Method franchisees must adhere to the Billing Fee Schedule outlined in their agreement, they should also be aware that these fees can be adjusted by Gokhale Method. The Billing Fee is listed in the agreement as 2.5% of the transaction. Staying informed about potential changes is crucial for financial planning and budgeting.

It is typical in franchising for franchisors to retain the right to modify fees with reasonable notice. This allows the franchisor to adapt to changing market conditions and business needs. However, franchisees should carefully review the terms of the franchise agreement and any related exhibits to fully understand the fee structure and potential for changes. Prospective franchisees should also inquire about the typical frequency and magnitude of fee adjustments to better assess the potential financial impact on their business.