In the Gokhale Method Guarantee, what do references to 'You' and the 'Franchise Agreement' refer to?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| The Gokhale Method, Inc. Franchise Agreement between | ("Franchisee" or "You") |
|---|---|
| and Gokhale Method, Inc. (the "Franchisor") dated | (the "Agreement") shall be amended by the |
| addition of the following language, which shall be | considered an integral part of the Agreement (the |
| "Amendment"): |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the term "You" refers to the franchisee. The "Franchise Agreement" refers to the agreement between Gokhale Method Institute, Inc. and the franchisee that outlines the terms and conditions of the franchise.
Specifically, the franchise agreement grants the franchisee the right to teach the Gokhale System in authorized formats, subject to the terms and conditions outlined in the agreement. This includes teaching the Gokhale System to individual students or groups of students solicited individually, referred to as "Consumer Students."
The franchisee, or "you," must comply with Gokhale Method's operating standards as detailed in the Franchise Agreement, the Teacher's Manual, and Policy Statements. Failure to maintain these standards could result in suspension of teaching rights or termination of the agreement. The franchisee is also obligated to sell and deliver the Gokhale System only in approved formats and to refrain from deviating from the franchisor's standards without prior written consent.