On what date does the Deka Lash Area Development Agreement commence?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Section in Area Developme nt Agreement | Summary |
|---|---|---|
| a. Length of the franchise term | 6.1 | The Area Development Agreement will commence on the date it is fully executed and end on the last day of the calendar month that the final Franchised Business is required to be opened and operating under the mandatory development schedule. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 49–54)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the Area Development Agreement commences on the date it is fully executed. The agreement then ends on the last day of the calendar month when the final Franchised Business is required to be opened and operating under the mandatory development schedule.
For a prospective Deka Lash area developer, this means the start date is not a fixed calendar date but rather depends on when all parties sign the agreement. The end date is tied to the developer's performance in opening the required number of locations within the agreed-upon timeframe.
This arrangement incentivizes the developer to adhere to the development schedule, as delays in opening the final location would extend the term of the Area Development Agreement. It's important for potential developers to carefully review the mandatory development schedule and understand the implications for the agreement's duration.