What financial information can Deka Lash disclose to a prospective transferee?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT ("Agreement") is made on the date entered below between DL Franchising, LLC d/b/a Deka Lash ("Company") and the below named recipient ("Recipient").
WHEREAS, Company has or is about to undertake discussions with Recipient regarding a franchise business opportunity (the "Opportunity"); and
WHEREAS, in connection with the Opportunity, Company may grant to Recipient access to Confidential Information, which such Confidential Information, including its existence and terms, the Company does not want made public, except as may be required by law;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
Based on the 2024 Deka Lash Franchise Disclosure Document, Deka Lash may undertake discussions with a recipient regarding a franchise business opportunity. In connection with this opportunity, Deka Lash may grant the recipient access to confidential information. This confidential information, including its existence and terms, is not to be made public, except as required by law.
To protect this information, Deka Lash requires the recipient to sign a Confidentiality and Non-Disclosure Agreement. This agreement ensures that the recipient understands the sensitive nature of the information and agrees not to disclose it to unauthorized parties. This is a standard practice in franchising to protect the franchisor's proprietary information and maintain a competitive advantage.
Prospective franchisees should be aware that they will likely need to sign such an agreement before receiving detailed financial or operational information about an existing Deka Lash franchise. This agreement is a legal commitment to keep the disclosed information confidential and is a common step in the franchise transfer process.