Does the Deka Lash Franchise Agreement include schedules, and if so, what topics do Schedules 1, 2, and 3 cover?

According to Deka Lash's 2024 Franchise Disclosure Document, the Franchise Agreement does include schedules. Specifically, Exhibit B to the FDD lists the Franchise Agreement schedules and their topics. Schedule 1 pertains to the Protected Area, which defines the geographic territory granted to the franchisee where Deka Lash will not operate or allow another franchisee to operate a competing business. Schedule 2 lists the Holders of Ownership Interest in the Franchise, which identifies all individuals or entities with an ownership stake in the franchise. Schedule 3 contains any State Addenda, which are modifications or additions to the Franchise Agreement required by specific state laws.

For a prospective Deka Lash franchisee, understanding these schedules is crucial. The Protected Area (Schedule 1) directly impacts the potential market and competitive landscape for the franchise. Knowing the defined territory and any limitations is essential for assessing the business's growth potential. Schedule 2 ensures transparency regarding the ownership structure of the franchise, which can be important for legal and financial reasons. Finally, Schedule 3 highlights any state-specific regulations that may affect the operation of the Deka Lash franchise, ensuring compliance with local laws.

Franchise agreements commonly include schedules or exhibits to provide additional details and clarify specific aspects of the agreement. Protected areas, ownership details, and state-specific addenda are typical topics covered in these schedules. Reviewing these schedules carefully is a standard part of the due diligence process for any prospective franchisee, as they provide essential information about the rights, responsibilities, and operational requirements of the franchise.