Are fees for the Annual Meeting required for Gokhale Method franchisees?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
ail prices.
- 5.7. Continuing Education and Related Fees. You agree to pay to us our regular fees for continuing training programs and such other fees as we may require in the Teachers Manual or Policy Statements. These fees include, but are not limited to fees for the Annual Meeting, for teacher webinars, and for membership in Gokhale® Active (Premium). The Billing Fee Schedule for these fees in effect as of the signing of this Agreement is included in the annexed Exhibit A and is subject to change from time to time in our reasonable discretion upon thirty (30) days' notice.
- 5.8. Advertising Expenditures and Contributions. You shall make expenditures and contributions for advertising and brand promotion as specified in Section 12 hereof.
- 5.9. Teacher Referral Fees. Should you refer to us a new teacher for the Gokhale Method, and that teacher is accepted by us as a teacher and becomes qualified by us to teach the System, we will pay you a Teacher Referral Fee in accordance with our Teacher Referral Fee Schedule in effect as of the time of payment. The Teacher Referral Fee Schedule in effect as of the signing of this Agreement is $100 and is subject to change from time to time in our reasonable discretion upon thirty (30) days' notice. Accepting and qualifying such Teacher will be at Franchisor's sole discretion.
- 5.10. Payments. All payments due Franchisee for activities within a calendar month will be made by us within 10 days of the close of such month. We may deduct any charges, fees or other payments you owe us, including those for continuing education or for products or equipment purchased from us, or any other fees or charges, and remit the balance to you. All payments due Franchisor for activities within a calendar month will be made to us within 10 days of the close of such month. If any payment to us is overdue by thirty (30) days or more, you shall pay us immediately upon demand, in addition to the overdue amount, Interest on such amount from the date it was due until received by us. For purposes of this Agreement, Interest shall be at 18 percent per annum or the highest rate permitted by law, whichever is less.
6. OPENING OF FRANCHISED BUSINESS
- 6.1. Business Development. You shall develop and equip any location at which you teach at your own expense and in accordance with our standards, as set forth in the Teacher's Manual.
- 6.2.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees are required to pay fees for the Annual Meeting. These fees are part of the continuing education fees that franchisees must pay to maintain their approval to teach the Gokhale Method. The Billing Fee Schedule, which includes the Annual Meeting fees, is subject to change at Gokhale Method's discretion with thirty days' notice.
The Annual Teachers' Meeting Fee is specifically listed as $450, paid annually upon registration for the Annual Meeting. Franchisees must attend additional courses, seminars, and training programs, including the Annual Meeting, to maintain their teaching approval. Failure to participate in these continuing training programs may lead to suspension of the franchisee's right to teach the Gokhale System until the required training is completed and re-approval is granted.
Initial training includes a Teacher Training Immersion Week, for which Gokhale Method does not charge an additional fee. However, franchisees are responsible for their expenses related to attending the Immersion Week, such as transportation, lodging, and meals. Franchisees are also responsible for paying for all other training as per the then-current fee schedule. Gokhale Method may also reasonably require franchisees to attend additional courses, seminars, and other training programs to maintain their approval to teach the approved formats.