What is the consequence of not initialing the Deka Lash Closing Acknowledgements?

According to the 2024 Deka Lash Franchise Disclosure Document, the Closing Acknowledgments are designed to confirm a prospective franchisee's understanding and acceptance of the franchise agreement terms, verify information about the sales process, and ensure compliance with franchise disclosure laws. Deka Lash uses this document to confirm that franchisees are not relying on any unwritten or unapproved statements made during negotiations.

The document states that prospective franchisees should review each question and statement within the Closing Acknowledgments and initial only if they agree with each item.

Specifically, the FDD states, "IF YOU DO NOT AGREE WITH THE FOLLOWING, DO NOT SIGN YOUR FRANCHISE AGREEMENT." This means that if a prospective franchisee does not agree with the statements in the Closing Acknowledgments, they should not proceed with signing the Franchise Agreement. In practical terms, this suggests that proceeding without agreeing and initialing could invalidate the agreement or lead to future disputes regarding the franchisee's understanding and acceptance of the terms. Therefore, it is crucial for prospective franchisees to carefully review and agree with each statement before initialing and signing the Franchise Agreement.