Under the Gokhale Method franchise agreement, what is the franchisee's obligation regarding the Annual Teachers' Meeting Fee?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 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.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees are obligated to pay regular fees for continuing training programs, which include fees for the Annual Meeting, teacher webinars, and membership in Gokhale® Active (Premium). The specific fees are outlined in the Billing Fee Schedule, which is included as Exhibit A to the franchise agreement. This schedule is subject to change at Gokhale Method's discretion, provided they give franchisees thirty days' notice.
This means that as a Gokhale Method franchisee, you must budget for these ongoing training costs to maintain your certification and approval to teach the Gokhale Method. The fees are not fixed and can be adjusted by Gokhale Method, so it's important to stay informed of any changes to the Billing Fee Schedule. While attendance at the Annual Meeting and participation in other continuing education programs are not explicitly mandatory, failure to participate in such programs may result in suspension of the franchisee's right to teach the Gokhale Method until the training requirements are met and re-approval is granted.
Prospective franchisees should carefully review Exhibit A of the Franchise Agreement to understand the current fee structure and inquire about any anticipated changes. Understanding the costs associated with continuing education is crucial for assessing the overall financial viability of the franchise. Additionally, franchisees should be aware of the conditions under which their teaching rights could be suspended and the steps required for reinstatement.