What evidence of compliance is required when cancelling assumed name registrations for a terminated Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 16.3. Cancellation of Registrations. You shall take such action as may be necessary to cancel any assumed name registration or equivalent registration obtained by you which contains the "Gokhale" word, or any other Marks, and you shall furnish us with evidence satisfactory to us of compliance with this obligation within five (5) days after termination or expiration of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, upon termination or expiration of the franchise agreement, the franchisee must cancel any assumed name registrations that include "Gokhale" or any other Gokhale Method marks.
The franchisee is required to provide Gokhale Method with evidence of compliance with this obligation. This evidence must be furnished to Gokhale Method within five days after the termination or expiration of the franchise agreement.
The FDD does not specify the exact form this evidence must take, but it must be "satisfactory" to Gokhale Method. A prospective franchisee should clarify with Gokhale Method what documentation or proof is acceptable to demonstrate that the assumed name registration has been successfully cancelled. This could include official confirmation from the relevant registration authority or other documentation deemed sufficient by Gokhale Method.