What is Gokhale Method's process for determining the transaction price in a customer contract?
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. These fees include, but are not limited to fees for the Annual Meeting, for teacher webinars, and for membership in Gokhale® Active (Premium). The Billing Fee Schedule for these fees 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.
- 5.8. Advertising Expenditures and Contributions. You shall make expenditures and contributions for advertising and brand promotion as specified in Section 12 hereof.
- 5.9. Teacher Referral Fees. Should you refer to us a new teacher for the Gokhale Method, and that teacher is accepted by us as a teacher and becomes qualified by us to teach the System, we will pay you a Teacher Referral Fee in accordance with our Teacher Referral Fee Schedule in effect as of the time of payment. The Teacher Referral Fee Schedule in effect as of the signing of this Agreement is $100 and is subject to change from time to time in our reasonable discretion upon thirty (30) days' notice. Accepting and qualifying such Teacher will be at Franchisor's sole discretion.
- 5.10. Payments. All payments due Franchisee for activities within a calendar month will be made by us within 10 days of the close of such month. We may deduct any charges, fees or other payments you owe us, including those for continuing education or for products or equipment purchased from us, or any other fees or charges, and remit the balance to you.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the fees that a franchisee/teacher pays to Gokhale Method for the right to teach are specified in the Franchise Agreement. The Billing Fee Schedule, which is in effect as of the signing of the Franchise Agreement, is included as Exhibit A. This schedule and the prices within are subject to change at Gokhale Method's discretion, with thirty days' notice.
If a franchisee purchases Gokhale Method branded products for resale, the purchases will be at the current wholesale prices published in Gokhale Method's Price List, which also includes the retail prices. Franchisees must also pay regular fees for continuing training programs and other fees as required in the Teacher's Manual or Policy Statements, including fees for the Annual Meeting, teacher webinars, and membership in Gokhale Active (Premium). The Billing Fee Schedule for these fees is also included in Exhibit A and is subject to change with thirty days' notice.
Should a franchisee refer a new teacher to Gokhale Method, and that teacher is accepted and qualified, the franchisee will be paid a Teacher Referral Fee according to the Teacher Referral Fee Schedule in effect at the time of payment. As of the signing of the Franchise Agreement, this fee is $100, and it is also subject to change with thirty days' notice. Acceptance and qualification of the referred teacher is at Gokhale Method's sole discretion.
All payments due to the franchisee for activities within a calendar month will be made within 10 days of the close of that month. Gokhale Method may deduct any charges, fees, or other payments owed by the franchisee, including those for continuing education, products, equipment, or any other fees, and remit the balance to the franchisee.