factual

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

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

I received a disclosure document dated May 15, 2024, that included the following Exhibits:

A. Gokhale Method Franchise Agreement

Exhibit A – Franchise Fee Schedule and Price List

Exhibit B – Approved Formats

Exhibit C – Personal Guarantee

Exhibit D – State Amendments

Source: Item 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

According to the 2024 Gokhale Method Franchise Disclosure Document, Exhibit B to the Gokhale Method Franchise Agreement is called "Approved Formats." This exhibit is referenced in the document's receipt, which lists all included exhibits. It is also mentioned within section 8.2 of the franchise agreement, which outlines the franchisee's duties regarding approved formats.

This means that as a Gokhale Method franchisee, you are obligated to only offer Gokhale System classes, services, and products in the formats that Gokhale Method has explicitly approved in writing. You must also be qualified to teach these formats. Deviating from these approved formats or selling non-approved items is not allowed without prior written consent from Gokhale Method.

Furthermore, Gokhale Method retains the right to disapprove any Gokhale Method branded class, service, product, merchandise, and equipment at any time, and you would be required to discontinue selling or offering those items. This ensures consistency and quality control across all Gokhale Method franchises, protecting the brand's reputation and goodwill. The specific requirements for these approved formats are detailed in Exhibit B, which franchisees should review carefully to understand their obligations.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.