What is the date on the Gokhale Method Franchisee's copy of the receipt?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Date of Issuance: May 15, 2024
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)
According to the 2024 Gokhale Method Franchise Disclosure Document, the disclosure document is dated May 15, 2024. The franchisee's copy of the receipt confirms that they received a disclosure document with that date. This date is important because Gokhale Method must provide the Franchise Disclosure Document to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make a payment. This allows the franchisee adequate time to review the document and seek professional advice.
The receipt also confirms that the disclosure document includes several exhibits, such as the Gokhale Method Franchise Agreement, the Franchise Fee Schedule and Price List, Approved Formats, Personal Guarantee, State Amendments, Table of Contents of Teachers' Manual, Financial Statements, Lists of Franchisees, State Agencies, State Addenda, and the Receipt itself. These exhibits provide detailed information about the franchise opportunity, including the fees, obligations, and legal requirements.
It is important for a prospective Gokhale Method franchisee to carefully review the disclosure document and all of its exhibits to fully understand the terms and conditions of the franchise agreement. They should also consult with an attorney or financial advisor to assess the risks and benefits of investing in a Gokhale Method franchise. The franchisee should ensure that the date on their receipt matches the date of the disclosure document to confirm they received the most current version.