What personal information concerning the franchisee and the Franchise Premises does the franchisee consent to Deka Lash disclosing?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
You consent to the disclosure by us of certain personal information concerning you and the Franchise and the Franchise Premises, namely your identity, including your name, address and telephone number, in our franchise disclosure documents, whether or not such disclosure is required by law, and in our other documents relating to the sale of franchises. Further, you consent to provide us with, and the additional disclosure by us of certain personal information concerning you, the Franchise and the Franchised Premises, including historical performance of the Franchise, sales, revenues, expenses, costs, results of operations, and similar financial information and operating information, and any information regarding the expiration or termination of your Franchise Agreement in our franchise disclosure documents (whether or not such disclosure is required by law), or to a prospective transferee of your Franchise or of the Franchise Premises or to any other prospective purchaser of us or any other franchise from us.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 45–47)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, franchisees consent to the disclosure of certain personal and business information. Deka Lash may disclose the franchisee's identity, including their name, address, and telephone number, in their franchise disclosure documents and other documents related to franchise sales, regardless of whether such disclosure is legally required.
Furthermore, franchisees agree to provide and allow Deka Lash to disclose additional personal information about themselves, the franchise, and the franchise premises. This includes historical performance data of the franchise, sales figures, revenues, expenses, costs, results of operations, and similar financial and operating information. Deka Lash may also disclose information regarding the expiration or termination of the Franchise Agreement.
This information can be shared in Deka Lash's franchise disclosure documents (whether or not required by law), to prospective transferees of the franchise or the franchise premises, or to any other prospective purchaser of Deka Lash or any other franchise from Deka Lash. This broad consent allows Deka Lash to share a wide range of franchisee data with potential buyers or other franchisees, which is a fairly standard practice in franchising to provide transparency and assist in business valuations and transfers.