table_specific

In the Deka Lash Development Agreement, what section specifies the geographic area that constitutes the Development Area?

Deka_Lash Franchise · 2024 FDD

Answer from 2024 FDD Document

s of this Agreement; and (ii) receive the benefits provided by us under this Agreement.

WHEREAS, you have applied for the right to open and operate a certain number of Franchised Businesses within the Development Area as set forth in this Agreement, and we have approved such application in reliance on your representations made therein.

WHEREAS, you acknowledge that adherence to the terms of this Agreement, including our Operations Manual and other System standards and specifications, are essential to the operation of all Franchised Businesses and our System as a whole.

NOW, THEREFORE, the parties agree as follows:

AGREEMENT

1. DEVELOPMENT AREA

  • 1.1 Development Area. Subject to the terms and conditions set forth herein, we grant you the right, and you undertake the obligation, to develop and establish multiple Franchised Businesses within the Development Area described in the data sheet attached hereto as Appendix 1 (the "Data Sheet"), provided you open and commence operations of such Franchised Businesses in strict accordance with the mandatory Development Schedule set forth in the Data Sheet (the "Development Schedule"). During the term of this Agreement, and except as provided herein, we grant to you an exclusive territory in which we will not open or operate or license any third party the right to open or operate, any Franchised Business offering the same or similar goods or services under the same or similar Marks as we license you to use, that is physically located within the Development Area.
  • 1.2 Non-Contiguous Development Areas. We generally require that development areas be contiguous.

Source: Item 23 — RECEIPT (FDD pages 63–234)

What This Means (2024 FDD)

According to the 2024 Deka Lash Franchise Disclosure Document, Section 1.1 of the Development Agreement specifies the geographic area that constitutes the Development Area. This section states that Deka Lash grants the developer the right and obligation to develop and establish multiple Franchised Businesses within the Development Area described in the data sheet attached as Appendix 1. The franchisee must open and commence operations in accordance with the mandatory Development Schedule set forth in the Data Sheet.

During the term of the Development Agreement, Deka Lash grants the developer an exclusive territory in which Deka Lash will not open or operate, or license to a third party, any Franchised Business offering the same or similar goods or services under the same or similar Marks as Deka Lash licenses to the developer. This exclusivity applies only to businesses physically located within the Development Area.

The Development Area is further defined in the Data Sheet attached to the Development Agreement as Appendix 1. The Development Area is the geographic area referenced in Section 1 of the Development Agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.