What authorization form is included as Exhibit F-4 for Deka Lash franchisees?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit A | State Addenda to the Disclosure Document |
|---|---|
| Exhibit B | Franchise Agreement Schedule 1 - Protected Area Schedule 2 - Holders of Ownership Interest in the Franchise Schedule 3 - State Addenda |
| Exhibit C | Area Development Agreement Appendix 1 - Data Sheet Appendix 2 - State Addenda |
| Exhibit D | List of State Administrators |
| Exhibit E | Registered Agents |
| Exhibit F-1 | Franchisor Addendum |
| Exhibit F-2 | Conditional Assignment of Lease and Telephone Number Assignment |
| Exhibit F-3 | Confidentiality and Non-Disclosure Agreement |
| Exhibit F-4 | Automatic Bank Draft Authorization |
| Exhibit F-5 | Deka Lash Closing Acknowledgments |
| Exhibit F-6 | SBA Addendum |
| Exhibit G | List of Current Franchisees |
| Exhibit H | List of Former Franchisees |
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, Exhibit F-4 is the Automatic Bank Draft Authorization form. This form likely allows Deka Lash to automatically withdraw funds from the franchisee's bank account for various fees and payments owed to the franchisor.
For a prospective Deka Lash franchisee, this means they will need to complete and submit this form, authorizing Deka Lash to debit their account. This is a fairly standard practice in franchising, as it ensures timely payments of royalties, marketing fees, and other ongoing obligations.
Franchisees should carefully review the terms and conditions outlined in the Automatic Bank Draft Authorization form to understand the amounts, frequency, and purposes for which funds will be withdrawn. It is also important to understand the procedures for modifying or canceling the authorization, as well as any potential penalties for insufficient funds or unauthorized withdrawals.