factual

What is the date of issuance for the Gokhale Method disclosure document?

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

Date of Issuance: May 15, 2024

Source: Item 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

According to Gokhale Method's 2024 Franchise Disclosure Document, the date of issuance for the disclosure document is May 15, 2024. This date is important because the franchisor, Gokhale Method Institute, Inc., must provide the Franchise Disclosure Document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise.

This 14-day period allows potential franchisees to thoroughly review the document and seek professional advice before committing to the franchise. The FDD includes various exhibits, such as the Franchise Agreement, fee schedules, and lists of current and former franchisees, which are essential for making an informed decision.

It is also noted that New York law has a different requirement, mandating that the FDD be provided at the earlier of the first personal meeting or ten business days before signing any agreement or making any payment. Franchisees should be aware of the specific regulations in their state, as detailed in the state addenda to the Disclosure Document.

Receiving the FDD by this date and reviewing all included exhibits is a critical step in the franchise purchasing process, ensuring compliance with federal and state laws and providing the franchisee with sufficient time to evaluate the opportunity.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.