Does the Gokhale Method reserve the right to modify or discontinue the use of their marks?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 9.3.3. We reserve the right, in our sole discretion, to modify, add to, or discontinue use of the Marks, or to substitute different Marks, for use in identifying the System and the businesses operating thereunder. You agree that if we change the Marks that you will comply with any changes we require you to make at your expense.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the Gokhale Method's 2024 Franchise Disclosure Document, Gokhale Method retains the right to modify or discontinue the use of its marks. Specifically, Gokhale Method can add to, modify, discontinue, or substitute different marks for identifying the system and businesses operating under it.
This means that as a franchisee, you must comply with any changes Gokhale Method requires you to make to the marks, and you are responsible for the expenses associated with these changes. This could involve updating signage, marketing materials, and other branded items to reflect the new marks.
This provision is fairly standard in franchising, as franchisors need the flexibility to update their branding to stay current and competitive. However, it's important for a prospective Gokhale Method franchisee to understand that these changes can incur costs and to factor that into their financial planning. Franchisees should inquire about the potential frequency and scope of such changes to better anticipate these expenses.