What is the name of Exhibit C to the Gokhale Method Disclosure Document?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT C TO GOKHALE METHOD FRANCHISE AGREEMENT PERSONAL GUARANTEE
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Exhibit C to the Gokhale Method Franchise Agreement is the Personal Guarantee. This exhibit is part of the overall franchise agreement that a franchisee must sign to operate a Gokhale Method franchise.
The Personal Guarantee is a legally binding document. It likely requires the franchisee to be personally liable for the financial obligations of the franchise. This means that if the franchise business cannot meet its financial responsibilities, the franchisee's personal assets could be at risk.
Prospective franchisees should carefully review Exhibit C with a qualified attorney or financial advisor to fully understand the implications of providing a personal guarantee. This will help them assess the potential risks and liabilities associated with the Gokhale Method franchise before making a final investment decision.