What documents are all holders of an ownership interest in a Deka Lash franchise required to execute?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
I have received a disclosure document dated March 5, 2024 that included the following Exhibits:
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 Exhibit I Financial Statements Exhibit J Table of Contents of Operations Manual Exhibit K Release Exhibit L Area Representative Disclosures Exhibit M State Effective Dates Exhibit N Receipt
DATE YOU RECEIVED THIS DISCLOSURE DOCUMENT
PROSPECTIVE FRANCHISEE
(Name of corporation, partnership, limited liability company or other legal entity or individually if blank) Signature: Signature: Name: Name: Title: Title: Signature: Signature: Name: Name: Title: Title:
Please sign, date, and retain this copy for your records.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISED BUSINESS (FDD pages 47–48)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, all holders of an ownership interest in the franchise must sign several documents. These include the disclosure document receipt, the Deka Lash Franchise Agreement, and possibly other agreements depending on the specific circumstances.
The disclosure document receipt confirms that the prospective franchisee has received and reviewed the Franchise Disclosure Document (FDD). This receipt includes a list of exhibits, such as state addenda, the franchise agreement, and financial statements, acknowledging that these were part of the provided documents. All owners must sign and date this receipt, retaining a copy for their records.
Additionally, all owners are required to sign the Deka Lash Franchise Agreement, which outlines the terms, conditions, and obligations of the franchise. Depending on the state where the franchise is located and specific circumstances, further documents like a general release, confidentiality and non-disclosure agreements, closing acknowledgments, and other state-specific addenda may need to be executed by all holders of ownership interest.