For Deka Lash, what is the purpose of providing banking information and a voided check?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
ompany is the prevailing party, Company shall be entitled to recover its costs and attorney fees.
IN WITNESS WHEREOF, the parties have executed this Confidentiality Agreement on the date below.
APPROVED AND AGREED TO BY:
FRANCHISEE FRANCHISOR DL Franchising, LLC (Name of corporation, partnership, limited liability company or other legal entity or individually if blank) d/b/a Deka Lash Signature: Signature: Name: Name: Title: Title: Date: Date: Signature: Name: Title: Date: Signature: Name: Title: Date: Signature: Name: Title: Date:
EXHIBIT F-4 AUTOMATIC BANK DRAFT AUTHORIZATION
ACH Origination Authorization
| Please complete the following with your banking information and attach a voided check: | |
|---|---|
| Company Name: | |
| Name of Financial Institution: | |
| Address of Financial Institution: | |
| Routing Number: | |
| Account Number: | |
| I hereby authorize DL Franchising, LLC | or the above |
| and the financial institution named above to initiate entries | |
| to my checking or savings accounts as identified above in accordance with the terms of my | |
| franchise agreement and, if necessary, to initiate adjustments for any transactions credited in | |
| error. This authority will remain in effect until I notify either DL Franchising, LLC | |
| named financial institution in writing to cancel it in such time as to afford a reasonable opportunity | |
| to act on such instructions. I can stop payment of any entry by notifying the above-named financial | |
| institution at least 3 days before my account is scheduled to be charged. I can have the amount | |
| of an erroneous charge immediately credited to my account for up to 15 days following issuance | |
| of my statement by the above-referenced financial institution or up to 60 days after deposit, | |
| whichever occurs first. | |
| Signature: | |
| Printed Name of Person Signing: | |
| Title (if any): | |
| Application Date: | |
| Telephone Number: | |
| Applicant's Address: | |
EXHIBIT F-5 CLOSING ACKNOWLEDGMENTS
Not to be used as to any franchise sale in or to residents of CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI]
Do not sign the Closing Acknowledgments if you are a resident of Maryland or the franchise is to be operated in Maryland.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, providing banking information and a voided check is to authorize DL Franchising, LLC to initiate entries to the franchisee's checking or savings accounts. This authorization allows for transactions related to the franchise agreement and adjustments for any errors.
The authorization remains in effect until the franchisee notifies DL Franchising, LLC or the financial institution in writing to cancel it, providing reasonable time to act on the instructions. The franchisee can stop payment of any entry by notifying the financial institution at least 3 days before the scheduled charge.
Additionally, the franchisee can have the amount of an erroneous charge immediately credited to their account for up to 15 days following the issuance of their statement or up to 60 days after the deposit, whichever occurs first. This process ensures that Deka Lash can manage financial transactions efficiently and accurately, while also providing franchisees with control and recourse over their accounts.