Does a Gokhale Method franchisee grant permission for remote data retrieval?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 11.1. Sales and Student Records. You shall create, record and maintain such information on sales and students as we designate in the Teachers' Manual (the "Records"). You agree to maintain such Records during the Term of this Agreement and for two years thereafter. We may request you to provide us with copies of Records at our discretion, and you agree to provide us with such Records. You shall comply with all the requirements in the Teachers' Manual relating to registering students and maintaining their records via the prescribed Franchisor system.
- 11.2. Other Reports. Upon our written request you shall, at your expense, submit to us within 10 days and in the form we prescribe, reports such as financial statements and other data, including tax returns.
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 maintain records on sales and students as designated in the Teachers' Manual. Gokhale Method may request copies of these records, which the franchisee must provide. Franchisees must also comply with requirements in the Teachers’ Manual for registering students and maintaining their records via the franchisor's prescribed system.
Upon written request, a Gokhale Method franchisee must submit reports such as financial statements and other data, including tax returns, within 10 days in the form prescribed by Gokhale Method. These reports are submitted at the franchisee's expense.
These stipulations mean that Gokhale Method franchisees must be prepared to collect and organize data according to the franchisor's specifications, and to share this data regularly. This allows Gokhale Method to monitor the franchisee's performance and ensure compliance with the system standards. Prospective franchisees should carefully review the Teachers' Manual to understand the full scope of required record-keeping and reporting.