In the Gokhale Method Franchise Agreement, what terms are used to refer to the Franchisor?
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 |
| business address at 3790 El Camino Real #1033, Pal- | o Alto, CA 94306 (r | eferred to in this Agreement as |
| "Franchisor," "we", "us" or "our"), and | , a | with its principa |
| business address at | (referred to in this A | greement as "Franchisee", "you,' |
| "your" or "owner"). | - |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the terms used to refer to Gokhale Method Institute, Inc., the franchisor, within the franchise agreement are "Franchisor," "we", "us" or "our".
This means that in the legal documentation governing the franchise relationship, Gokhale Method will be referred to using these terms. Franchisees should be aware of these designations as they review the Franchise Agreement to fully understand their rights and obligations, as well as those of Gokhale Method.
Understanding these defined terms is crucial for interpreting the contract accurately and ensuring compliance with its provisions. Prospective franchisees should pay close attention to how these terms are used throughout the agreement to clearly distinguish between the actions and responsibilities of the franchisee and the franchisor.