What is the Gokhale Method franchisee's responsibility regarding honesty, integrity, fair dealing and ethical business conduct?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 8.7.
Permits and Licenses.
You will, at your own expense, research the requirements for and obtain all permits and licenses for the Franchised Business and will then operate the Franchised Business in accordance with all applicable laws and regulations, adhere to good business practices and observe high standards of honesty, integrity, fair dealing and ethical business conduct in all dealings with customers, suppliers and us.
You shall immediately notify us in writing of the commencement of any action, suit, or proceeding, and of the issuance of any order, writ, injunction, award, or decree of any court, agency, or other governmental instrumentality, which may adversely affect the operation or financial condition of the Franchised Business.
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 adhere to high ethical standards in all aspects of their business operations. Specifically, franchisees must operate their Gokhale Method business in accordance with all applicable laws and regulations, maintain good business practices, and observe high standards of honesty, integrity, fair dealing, and ethical business conduct in all interactions with customers, suppliers, and the franchisor. This requirement underscores the importance Gokhale Method places on maintaining a trustworthy and reputable brand image.
This obligation means that a Gokhale Method franchisee must ensure their business complies with local, state, and federal laws, which may include zoning laws, health and safety regulations, and labor laws. Furthermore, they must conduct their business with transparency and fairness, ensuring that customers and suppliers are treated equitably. This includes providing accurate information about the Gokhale Method's services and products, honoring commitments, and resolving disputes in a fair and ethical manner.
Additionally, the Gokhale Method franchisee is obligated to promptly inform the franchisor in writing about any legal actions, suits, or proceedings, as well as any orders, writs, injunctions, awards, or decrees from any court or governmental body that could negatively impact the operation or financial stability of the franchised business. This requirement ensures that the franchisor is kept informed of any potential legal or financial risks associated with the franchisee's operations, allowing for timely intervention and support if necessary. By maintaining these high standards, Gokhale Method aims to foster a consistent and positive brand experience for all stakeholders.