In the Deka Lash FDD receipt, what information is required from both the franchisee and franchisor?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
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.
RECEIPT
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, Exhibit N, the receipt requires both the franchisee and franchisor to provide specific information and signatures. The franchisee must provide the date they received the disclosure document, their name (or the name of their business entity), title if applicable, and their signature. This confirms they have received the FDD.
Similarly, the franchisor, DL Franchising, LLC, must also provide its name. The receipt also requires signature, name, and title of the person signing on behalf of Deka Lash. This confirms that Deka Lash has provided the required disclosure document to the prospective franchisee.
This receipt serves as an acknowledgment that the franchisee has received the FDD, which is a critical step in the franchise sales process. It also helps Deka Lash document their compliance with disclosure requirements, as it confirms that they have provided the necessary information to the franchisee within the legally mandated timeframe. The receipt also includes a notice that the disclosure document summarizes certain provisions of the franchise agreement and other information in plain language, and that the franchisee should read the disclosure document and all agreements carefully.