Does the Gokhale Method Disclosure Document contain all the provisions of the Franchise Agreement?

According to the 2024 Gokhale Method Franchise Disclosure Document, the document itself summarizes certain provisions of the franchise agreement. The complete Gokhale Method Franchise Agreement is included as Exhibit A to the Disclosure Document. Several other exhibits are also included, such as the Franchise Fee Schedule and Price List (Exhibit A), Approved Formats (Exhibit B), Personal Guarantee (Exhibit C), and State Amendments (Exhibit D). These exhibits provide further details and specifics related to the franchise agreement.

Prospective franchisees should carefully read both the Disclosure Document and all associated agreements, as the Disclosure Document is only a summary. It is crucial to understand all the terms and conditions outlined in the full Franchise Agreement and its exhibits before signing any binding agreement or making any payments. This ensures that the franchisee is fully aware of their rights, obligations, and the overall scope of the franchise relationship with Gokhale Method.

In addition, franchisees in California should note that the California Department of Financial Protection and Innovation requires certain provisions in franchise documents to be amended to comply with California law. These amendments cover aspects such as termination, transfer, non-renewal, bankruptcy, non-compete covenants, and dispute resolution. If there are inconsistencies between the Franchise Agreement and California law, California law will take precedence. Therefore, California franchisees need to pay close attention to the state-specific addenda and amendments included in the Disclosure Document.