Where can I find the Royalty Schedule for a Gokhale Method franchise?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
of payment. The Billing Fee Schedule 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.
- 5.6. Product Sales. You may purchase from us or our approved vendors Gokhale Method branded products for resale. Such purchases will be at the then current wholesale prices published in our Price List, which will also include their retail 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.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the royalty schedule, referred to as the Billing Fee Schedule, is included in Exhibit A to the Gokhale Method Franchise Agreement. This schedule outlines the fees that a franchisee pays to Gokhale Method Institute, Inc. (GMI) for the rights to teach the Gokhale Method.
Exhibit A also contains the price list for Gokhale Method branded products that franchisees may purchase for resale. These wholesale prices, along with their retail prices, are subject to change. Additionally, franchisees are required to pay regular fees for continuing training programs, such as the Annual Meeting and teacher webinars, as detailed in the Teacher's Manual or Policy Statements.
The Billing Fee Schedule and the Teacher Referral Fee Schedule are subject to change at Gokhale Method's discretion, with a thirty-day notice provided to franchisees. It is important for prospective franchisees to carefully review Exhibit A and understand all associated fees and schedules, as these costs will impact their overall profitability and financial obligations to Gokhale Method.