For a Deka Lash franchisee that is a partnership, what specific entity information is required on the receipt?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISEE
(Name of corporation, partnership, limited liability company or other legal entity or individually if blank)
Signature: Name: Title: Date: Signature: Name: Title: Date: Signature: Name: Title: Date: Signature: Name: Title: Date:
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the receipt requires the name of the partnership to be listed. Specifically, the receipt includes a section labeled "FRANCHISEE" followed by the text "(Name of corporation, partnership, limited liability company or other legal entity or individually if blank)".
In practical terms, if a Deka Lash franchise is owned by a partnership, the legal name of the partnership must be entered on the receipt. This ensures that the receipt accurately reflects the legal entity entering into the franchise agreement. Additionally, the receipt requires a signature, name, title, and date for the franchisee.
This requirement is standard practice in franchising, as it clarifies the legal entity responsible for the franchise agreement and ensures proper record-keeping. Prospective Deka Lash franchisees should ensure they accurately complete all required information on the receipt to avoid potential legal or contractual issues.