What is the effective date of the Gokhale Method Franchise Agreement?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| This FRANCHISE AGREEMENT ("Agreement") | is made effective | , 20, (the "Effective Date") |
|---|---|---|
| by and between Gokhale Method Institute, Inc., a corpo | oration formed under | California law, with its principal |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the effective date of the Franchise Agreement is determined at the time the agreement is made. The specific date will be filled in the provided blank space on the agreement.
Specifically, the Franchise Agreement is made effective as of a particular date, which is referred to as the "Effective Date." This date is to be specified in the agreement itself. The agreement is between Gokhale Method Institute, Inc., identified as the Franchisor, and the franchisee.
Prospective franchisees should note that this date marks the commencement of the contractual relationship and the start of their rights and obligations under the Gokhale Method Franchise Agreement. It is crucial to ensure that this date is accurately recorded on the agreement when it is executed.