What is the Gokhale Method franchisee's obligation regarding ethical business conduct?

According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees are obligated to maintain high ethical standards in their business operations. Specifically, Gokhale Method requires franchisees to operate their franchised business in accordance with all applicable laws and regulations. They must also adhere to good business practices and observe high standards of honesty, integrity, fair dealing, and ethical business conduct in all interactions with customers, suppliers, and with Gokhale Method itself.

This obligation means that a prospective Gokhale Method franchisee must commit to conducting business with transparency and fairness. This includes ensuring that all dealings with students, suppliers, and the franchisor are handled ethically. Franchisees are expected to avoid deceptive practices, maintain accurate records, and fulfill their contractual obligations in a responsible manner.

Furthermore, the franchisee is required to immediately notify Gokhale Method in writing if any action, suit, or proceeding commences, or if any order, writ, injunction, award, or decree is issued by any court, agency, or governmental body that could adversely affect the operation or financial condition of the franchised business. This ensures that Gokhale Method is kept informed of any potential legal or regulatory issues that could impact the franchise and allows them to provide support or guidance as needed.