At what point should a prospective Gokhale Method franchisee give the signed receipt to the franchisor?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
The Receipts to be signed by all prospective franchisees are attached in duplicate at the very end of this Franchise Disclosure Document issued May 15, 2024 (identified as Exhibit "H"). You will sign and date one copy and give it to us at the time we present it to you. Your copy of the receipt is attached at the end of this Franchise Disclosure Document. This Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this Disclosure Document and all agreements carefully.
The name, principal business address and telephone numbers of each franchise seller offering the franchise are identified on the Receipts.
Source: Item 23 — RECEIPTS (FDD pages 34–122)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, a prospective franchisee must sign and date one copy of the receipt (Exhibit "H") and give it to Gokhale Method Institute, Inc. at the time the franchisor presents it to them. The receipt serves as an acknowledgment that the franchisee received the FDD.
This receipt is attached in duplicate at the end of the FDD. The FDD also states that the document summarizes certain provisions of the franchise agreement and other information in plain language, advising potential franchisees to read the disclosure document and all agreements carefully.
The names, principal business addresses, and telephone numbers of each franchise seller offering the franchise are identified on the receipts.