Does Deka Lash acknowledge that its obligations and rights with respect to its various franchisees may differ materially in certain instances?
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)
Based on the 2024 Deka Lash Franchise Disclosure Document, the closing acknowledgments include a statement where Deka Lash aims to clarify and confirm the franchisee's understanding and acceptance of the agreement terms. Deka Lash also seeks to verify information about the sales process and confirm compliance with franchise disclosure laws.
Specifically, Deka Lash wants to ensure that franchisees understand that purchasing a Deka Lash franchise is a business decision that involves evaluating many risks. The company's policy is to verify that franchisees are not relying on any oral statements, representations, promises, or assurances made during negotiations that are not specifically reported in the Franchise Disclosure Document.
This acknowledgment requires the franchisee to confirm they have carefully reviewed the Franchise Disclosure Document and the Franchise Agreement and understand the terms, conditions, and obligations outlined within these agreements. The franchisee must agree with these statements by initialing them; otherwise, they are instructed not to sign the Franchise Agreement. This process underscores the importance of the written agreements and the risks associated with the franchise investment.