Who are the 'Related Parties' covered by the Deka Lash Release?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
We give this Release on behalf of ourselves, our heirs, executors, administrators, successors and assigns, and any other person claiming through or under us. The "Related Parties" covered by this Release include all parents and affiliates of DL Franchising, LLC, as well as its successors and assigns, and all past and present officers, directors, shareholders, employees, agents, lawyers, and contractors.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the Release includes DL Franchising, LLC and its Related Parties. The document specifies who falls under the definition of 'Related Parties'.
The 'Related Parties' covered by the Release include all parents and affiliates of DL Franchising, LLC. This means any entity that controls, is controlled by, or is under common control with DL Franchising, LLC is included in the release. This is a common practice in franchising to protect the parent company and sister companies from potential liabilities.
In addition to parents and affiliates, the Release also extends to DL Franchising, LLC's successors and assigns. This ensures that if DL Franchising, LLC is sold or its rights are transferred, the Release remains effective. The Release also covers all past and present officers, directors, shareholders, employees, agents, lawyers, and contractors of DL Franchising, LLC. This broad coverage is designed to protect all individuals and entities associated with the company from any claims related to the franchise agreement or the Deka Lash studio.
It is important for a prospective franchisee to understand the scope of this Release, as it requires them to waive any and all claims against these 'Related Parties'. Franchisees should consult with a legal professional to fully understand the implications of signing such a release.