For a Deka Lash franchise developer, what is the expiration date for the fifth development period?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Developmen t Period | Expiration Date | Number of New Franchised Businesses | Cumulative Number of Franchised Businesses |
|---|---|---|---|
| Developer Must Open in Development Area | Developer Must Have Open Within Development Area | ||
| 12 | • | • | |
| First | Months from Effective Date 24 | ||
| Second | Months from Effective Date 36 | ||
| Third | Months from Effective Date 48 | ||
| Fourth | Months from Effective Date 60 | ||
| Fifth | Months from Effective Date |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the expiration date for the fifth development period for a Deka Lash franchise developer is not explicitly stated. The table provided includes a row for the fifth development period but does not list the corresponding expiration date.
Instead, the table lists the expiration dates for the first four development periods. The first period expires 12 months from the effective date, the second expires 24 months from the effective date, the third expires 36 months from the effective date, and the fourth expires 48 months from the effective date.
Without this information, prospective Deka Lash franchise developers cannot fully understand the timeline and obligations for opening new franchised businesses within their development area. This missing information is important for planning and meeting the required development schedule.
To get a complete understanding of the development schedule, a prospective franchisee should ask Deka Lash for the specific expiration date for the fifth development period and clarify how the 'effective date' is defined in the agreement.