Does the Gokhale Method Franchise Disclosure Document state an effective date for Washington?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered, or exempt from registration, as of the Effective Date stated below:
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Washington is one of the states that has franchise laws requiring the Franchise Disclosure Document to be registered or filed with the state, or be exempt from registration.
The document states that it is effective and may be used in states where it is filed, registered, or exempt from registration, as of the effective date stated. However, the excerpt does not provide the specific effective date for Washington or any of the other listed states.
For a prospective Gokhale Method franchisee in Washington, it's important to contact the franchisor to determine the specific effective date for the FDD in their state. This date confirms when Gokhale Method is authorized to offer and sell franchises in Washington. This information is crucial for ensuring compliance with state franchise laws and understanding the legal framework governing the franchise relationship.