What happens if Gokhale Method does not elect to acquire the lease after termination or expiration?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
e Location. In the event we do not elect to exercise our option to acquire the lease or sublease for the Location, you shall make such modifications or alterations to the Location (including, without limitation, the changing of, and the assigning to us of, the telephone number) immediately upon termination or expiration of this Agreement as may be necessary to distinguish the appearance of the Location from that of the Franchised Business under the System, and shall make
such specific additional changes thereto as we may reasonably request for that purpose. In the event you fail or refuse to comply with the requirements of this Section 16.4, we shall have the right to enter upon the Location, without being guilty of trespass or any other tort, for the purpose of making or causing to be made such changes as may be required, at the expense of you, which expense you agree to pay upon demand.
- 16.5.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, if Gokhale Method does not elect to acquire the lease or sublease for the location after the termination or expiration of the franchise agreement, the franchisee is responsible for making modifications or alterations to the location. These changes must distinguish the appearance of the location from that of a Gokhale Method Franchised Business.
Specifically, the franchisee must change the telephone number associated with the location and make any other necessary alterations to ensure the location no longer resembles a Gokhale Method business. These changes must be made immediately upon the termination or expiration of the agreement.
Furthermore, if the franchisee fails to make these required changes, Gokhale Method has the right to enter the location to make the necessary changes themselves, and the franchisee will be responsible for covering these expenses. This ensures that the location is no longer associated with the Gokhale Method brand and system after the franchise agreement ends.