What is the name of Exhibit C to the Gokhale Method Franchise Agreement?

According to the 2024 Gokhale Method Franchise Disclosure Document, Exhibit C to the Gokhale Method Franchise Agreement is called the "Personal Guarantee". This exhibit is a standard legal document often required in franchising, especially for new or smaller businesses.

The Personal Guarantee ensures that if the franchisee is a corporate entity and the business fails to meet its financial obligations under the Franchise Agreement, the franchisor, Gokhale Method, can seek recourse from the individual(s) who signed the guarantee. This provides an added layer of financial security for Gokhale Method.

Prospective Gokhale Method franchisees should carefully review the Personal Guarantee with a legal advisor to fully understand the extent of their personal liability. They should be aware that this guarantee can put their personal assets at risk if the franchise business encounters financial difficulties. It is also important to understand the conditions under which the guarantee can be enforced and any potential limitations or caps on liability.