According to the table, what is the status of the Deka Lash addendum in Indiana?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
Not to be used as to any franchise sale in or to residents of CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI]
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, Exhibit F-5 Closing Acknowledgments are not to be used as to any franchise sale in or to residents of Indiana, along with several other states. This means that Deka Lash franchisees in Indiana will not be required to sign the Closing Acknowledgments.
Closing Acknowledgments are used by Deka Lash to clarify and confirm the franchisee's understanding and acceptance of the franchise agreement terms. It also verifies information about the sales process and confirms that Deka Lash has complied with franchise disclosure laws. The document aims to ensure that franchisees acknowledge they are not relying on any oral statements or representations not included in the Franchise Disclosure Document.
The exclusion of Indiana from the Closing Acknowledgments might be due to specific state laws or regulations. Prospective franchisees in Indiana should consult with a legal professional to understand the implications of this exclusion and ensure full compliance with all applicable laws and regulations.