According to Deka Lash, what should a franchisee understand about purchasing a franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
DL FRANCHISING, LLC ("Deka Lash") ("we/us"), through the use of this Franchisee Closing Acknowledgement, desires clarify and confirm your understanding and acceptance of the terms of the agreements, to verify certain information about the sales process, and to confirm that we and our employees have complied with applicable franchise disclosure laws and have not authorized anything that may be untrue, inaccurate or misleading. We further desire to confirm that you fully understand that the purchase of a Deka Lash franchise is a business decision involving the evaluation of many risks. Our policy is to verify and confirm that in making your decision you are not relying upon any oral statement, representation, promise or assurance made during the negotiations for the purchase of a Deka Lash franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative") that is not specifically reported in our then-current Franchise Disclosure Document, including all of the exhibits attached to it (the "Franchise Disclosure Document"). Please review each of the following questions and statements and INITIAL ONLY IF YOU AGREE WITH SUCH. IF YOU DO NOT AGREE WITH THE FOLLOWING, DO NOT SIGN YOUR FRANCHISE AGREEMENT.
- I have personally and carefully reviewed the Franchise Disclosure Document and Deka Lash Franchise Agreement and understand the terms, conditions, and obligations of these agreements.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, Deka Lash uses a Franchisee Closing Acknowledgement to confirm a franchisee's understanding and acceptance of the franchise agreement's terms. This acknowledgement verifies information about the sales process and confirms that Deka Lash and its employees have complied with franchise disclosure laws, ensuring nothing untrue, inaccurate, or misleading has been authorized.
Deka Lash emphasizes that purchasing a franchise is a business decision that requires evaluating many risks. The company's policy is to ensure that franchisees do not rely on any oral statements, representations, promises, or assurances made during negotiations by any of Deka Lash's representatives that are not specifically documented in the Franchise Disclosure Document.
Before signing the Franchise Agreement, prospective franchisees must carefully review the Franchise Disclosure Document and the Franchise Agreement. By initialing the closing acknowledgement, the franchisee confirms they understand the terms, conditions, and obligations outlined in these agreements. If a franchisee does not agree with the statements in the Closing Acknowledgements, they are instructed not to sign the Franchise Agreement.