How long does a Gokhale Method franchisee have to cure a default after receiving written notice?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 15.3. Notice With Opportunity to Cure. Except as otherwise provided in Sections 15.1 and 15.2 of this Agreement, upon any other default by you, we shall give you written notice of such default and an opportunity to cure such default within thirty (30) days of your receipt of such notice. We shall have the right to terminate this Agreement immediately upon notice to you if you fail to cure any default to our satisfaction, and provide proof thereof, within the thirty (30) day period. If applicable law requires a longer cure period, such period shall apply to our notice.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, a franchisee typically has thirty days to cure a default after receiving written notice. However, this cure period does not apply to all defaults.
The franchise agreement outlines specific situations where Gokhale Method can terminate the agreement immediately without providing an opportunity to cure. These include scenarios such as engaging in conduct likely to harm the Gokhale Method system or brand, posing a threat to public health or safety, violating confidentiality agreements, committing fraud, or misusing the company's trademarks.
If applicable law requires a longer cure period than the standard thirty days, that longer period will supersede the terms in the franchise agreement. This ensures that the Gokhale Method franchise agreement complies with local regulations that may provide franchisees with additional protection.