How will the Gokhale Method franchisor communicate revisions to insurance requirements?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Included in our Confidential Information are the Teachers' Manual; teaching scripts and Policy Statements; the information, know-how and techniques that we have imparted to you; proprietary software; and any other information we have provided to you that is not available to the general public.
10.4. Changes and Revisions. We may from time to time revise the contents of the Teachers' Manual, Policy Statements, scripts and any other teaching methods or content, and you expressly agree to comply with each new or changed standard.
10.5. Irreparable injury. You acknowledge that any failure to comply with the requirements of this Section 10 will cause us irreparable injury, and you agree to pay all court costs and reasonable attorneys' fees incurred by us in obtaining specific performance of, or an injunction against violation of, the requirements of this Section 10, or such other relief sought by us.
10.6. Ideas and Concepts.
If you develop any ideas, concepts, methods, techniques or materials of improving posture, reducing back pain, improving physical well-being or that otherwise relate to the Gokhale Method ("Ideas and Concepts") during the Term of this Agreement, you agree to disclose those Ideas and Concepts to us and that we may use them, in our discretion, in improving or modifying the Gokhale Method, offer them to our Affiliates, other Franchisees or business partners without the need to obtain any prior approval from you, nor without any compensation to you.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
Based on the 2024 Gokhale Method Franchise Disclosure Document, the method by which the franchisor will communicate revisions to insurance requirements is not explicitly detailed in the provided excerpts. However, the FDD does mention that Gokhale Method may revise the contents of the Teachers' Manual, Policy Statements, scripts and any other teaching methods or content, and franchisees expressly agree to comply with each new or changed standard. It also states that franchisees must comply with operating standards as expressed in the Franchise Agreement, the Teacher's Manual, and in Policy Statements.
Given this information, it is likely that changes to insurance requirements would be communicated through one of these channels, such as updates to the Teacher's Manual or Policy Statements. It is also possible that Gokhale Method would use written notice to communicate such changes, as they do for other types of updates. For example, the Billing Fee Schedule and fees for continuing training programs are subject to change from time to time in Gokhale Method's reasonable discretion upon thirty (30) days' notice.
Prospective franchisees should clarify with Gokhale Method the exact procedures for communicating changes to insurance requirements. Understanding the communication methods will ensure franchisees remain compliant with all requirements and avoid potential penalties or disruptions to their business operations. It would be prudent to ask for specific examples of how such changes have been communicated in the past to existing franchisees.