How much notice will Gokhale Method provide before changing the Billing Fee Schedule?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
of payment. The Billing Fee Schedule in effect as of the signing of this Agreement is included in the annexed Exhibit A and is subject to change from time to time in our reasonable discretion upon thirty (30) days' notice.
- 5.6. Product Sales. You may purchase from us or our approved vendors Gokhale Method branded products for resale. Such purchases will be at the then current wholesale prices published in our Price List, which will also include their retail prices.
- 5.7. Continuing Education and Related Fees. You agree to pay to us our regular fees for continuing training programs and such other fees as we may require in the Teachers Manual or Policy Statements.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method may change the Billing Fee Schedule. Gokhale Method will provide franchisees with thirty (30) days' notice before implementing any changes.
This advance notice allows franchisees time to adjust their financial planning and business strategies in response to the updated fee structure. Franchisees should carefully review any notifications regarding changes to the Billing Fee Schedule to understand the specific adjustments and their potential impact on profitability.
In addition to the general Billing Fee Schedule, the Teacher Referral Fee Schedule is also subject to change with thirty (30) days' notice. This applies to fees for continuing training programs, the Annual Meeting, teacher webinars, and membership in Gokhale® Active (Premium).