factual

When does the Deka Lash Development Agreement term end?

Q: When does the Deka Lash Development Agreement term end?

- **6.1 Term**. This Agreement will commence as of the date it is fully executed and, unless earlier terminated by us, will end on the earlier of a) the last day of the calendar month that the final Franchised Business is required to be opened and operating under the Development Schedule or b) the date you execute a lease for the final Franchised Business required to be opened and operating under the Development Schedule. Upon expiration or termination of this Agreement for any reason, you will not have any rights within the Development Area other than the territorial rights granted in the franchise agreement executed in connection with any Franchised Businesses that you have opened and commenced operating as of the date this Agreement is terminated or expires. Source: Item 23 — RECEIPT (FDD pages 63–234)

Deka_Lash Franchise · 2024 FDD

Answer from 2024 FDD Document

6.1 Term. This Agreement will commence as of the date it is fully executed and, unless earlier terminated by us, will end on the earlier of a) the last day of the calendar month that the final Franchised Business is required to be opened and operating under the Development Schedule or b) the date you execute a lease for the final Franchised Business required to be opened and operating under the Development Schedule. Upon expiration or termination of this Agreement for any reason, you will not have any rights within the Development Area other than the territorial rights granted in the franchise agreement executed in connection with any Franchised Businesses that you have opened and commenced operating as of the date this Agreement is terminated or expires.

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

What This Means (2024 FDD)

According to the 2024 Deka Lash Franchise Disclosure Document, the Development Agreement term will end based on two possible conditions. Unless Deka Lash terminates the agreement earlier, the term ends on the earlier of either (a) the last day of the calendar month that the final Franchised Business is required to be opened and operating under the Development Schedule, or (b) the date you execute a lease for the final Franchised Business required to be opened and operating under the Development Schedule.

Upon the Development Agreement's expiration or termination, the developer will not have any rights within the Development Area, except for the territorial rights granted in the franchise agreement for Franchised Businesses that have been opened and are operating as of the termination or expiration date. This means that after the agreement ends, the developer's rights to the territory cease, except for the locations they have already established and are running.

It is important for potential developers to understand these terms, as they dictate the timeline and conditions under which they can develop Deka Lash franchises within their designated area. Failure to meet the development schedule or other breaches of the agreement can lead to early termination, resulting in a loss of development rights. The franchisee should carefully review the development schedule and ensure they can meet the obligations to avoid potential issues.

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.

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