Does the Deka Lash agreement disclaim representations made in the Franchise Disclosure Document?
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, the franchise agreement includes a closing acknowledgment that aims to confirm the franchisee's understanding and acceptance of the agreement's terms. Deka Lash wants to verify information about the sales process and confirm that the company and its employees have complied with franchise disclosure laws, ensuring nothing untrue, inaccurate, or misleading has been authorized.
The closing acknowledgment emphasizes that purchasing a Deka Lash franchise is a business decision involving the evaluation of many risks. Deka Lash's policy is to confirm that the franchisee is not relying on any oral statement, representation, promise, or assurance made during negotiations by any of Deka Lash's representatives that is not specifically reported in the current Franchise Disclosure Document (FDD) and its exhibits.
Before signing the Franchise Agreement, prospective franchisees must review a series of questions and statements within the Closing Acknowledgments. Franchisees must initial each statement to confirm their agreement. If a prospective franchisee does not agree with the statements, they are instructed not to sign the Franchise Agreement. This process is designed to ensure that franchisees acknowledge they have carefully reviewed and understand the Franchise Disclosure Document and Franchise Agreement, including all terms, conditions, and obligations.