What is the purpose of the Gokhale Method receipt?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD 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.
If Gokhale Method Institute, Inc. offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale or grant.
If Gokhale Method Institute, Inc. does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and appropriate state agency listed in Exhibit "H". Gokhale Method Institute, Inc.'s registered agent authorized to receive service of process is Esther Gokhale, Gokhale Method Institute, Inc., 3790 El Camino Real, #1033, Palo Alto, CA 94306.
New York law requires a franchisor to provide the Franchise Disclosure Document at the earlier of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
The name, principal business address and telephone number of each franchise seller offering the franchise are:
Esther Gokhale Gokhale Method Institute, Inc. 3790 El Camino Real, #1033 Palo Alto, CA 94306
Date of Issuance: May 15, 2024
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
- B. Table of Contents of Teachers' Manual
- C. Financial Statements
- D. List of Franchisees
- E. List of Franchisees who have left the system
- F. List of State Agencies
- G. State Addenda to the Disclosure Document
- H. Receipt
Source: Item 23 — RECEIPTS (FDD pages 34–122)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the receipt serves as an acknowledgment that the prospective franchisee received the Franchise Disclosure Document (FDD). This document summarizes key aspects of the franchise agreement and other relevant information. The FDD must be provided to the potential franchisee at least 14 calendar days before they sign any binding agreements or make any payments to Gokhale Method or its affiliates related to the franchise.
The receipt confirms that Gokhale Method has provided the FDD within the legally mandated timeframe. If Gokhale Method fails to deliver the FDD on time, or if the document contains false, misleading, or omits important information, it could constitute a violation of federal and state laws. In such cases, the potential franchisee is advised to report this to the Federal Trade Commission (FTC) and the appropriate state agency.
The FDD receipt also lists the exhibits included in the disclosure document, such as the Franchise Agreement, Fee Schedule, Approved Formats, Personal Guarantee, State Amendments, Table of Contents of Teachers' Manual, Financial Statements, Lists of Franchisees, State Agencies, and State Addenda. By signing the receipt, the franchisee acknowledges they have received all these documents, which are essential for making an informed decision about investing in a Gokhale Method franchise.