What is the Deka Lash franchisor's obligation regarding providing the current franchise disclosure document to a prospective transferee?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If DL Franchising, LLC d/b/a Deka Lash offers you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
lowa requires that we give you this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
New York requires that we give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If we do not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and State law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed on Exhibit D.
The franchisor is DL Franchising, LLC located at 20 South Main Street, #248, Bountiful, UT 84010. Its telephone number is (412) 977-0220.
Issuance Date: March 5, 2024
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
Based on the 2024 Deka Lash Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. Deka Lash must provide the disclosure document to a prospective franchisee 14 calendar days before they sign a binding agreement or make a payment in connection with the proposed franchise sale.
Iowa has specific requirements, mandating that Deka Lash provide the Disclosure Document at the earlier of the first personal meeting or 14 calendar days before signing any binding agreement or making a payment related to the franchise sale. Michigan requires that Deka Lash give the disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires that Deka Lash give the Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If Deka Lash fails to deliver the disclosure document on time, or if it contains false or misleading statements, or a material omission, it may constitute a violation of federal and state law. Such violations should be reported to the Federal Trade Commission in Washington, D.C., and the relevant state agency listed in Exhibit D of the FDD. The franchisor's contact information is DL Franchising, LLC, located in Bountiful, UT, with a specified telephone number.