Does Deka Lash require franchisees to acknowledge they have independently investigated the Deka Lash business opportunity?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
22. ACKNOWLEDGMENTS
- 22.1 Investigation. You acknowledge that you have read our Franchise Disclosure Document and this Agreement and that you are familiar with their contents. You acknowledge that you have independently investigated the business offered hereunder and base your decision to purchase solely on such investigation. You acknowledge that we have recommended, and that you have had the opportunity to obtain, review of this Agreement and our Franchise Disclosure Document ("FDD") by your lawyer, accountant or other business advisor prior to execution. Except as may be stated in Item 19 of our F
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, franchisees must acknowledge that they have independently investigated the Deka Lash business opportunity. Specifically, the franchisee acknowledges having read the Franchise Disclosure Document and the Franchise Agreement, confirming familiarity with their contents.
This acknowledgment confirms that the franchisee has conducted their own due diligence and is making the decision to purchase the franchise based solely on their independent investigation. Deka Lash also recommends that the franchisee seek legal, accounting, or business advisor review of the Franchise Disclosure Document and the agreement before signing.
This requirement is a standard practice in franchising, intended to protect both the franchisor and franchisee. It ensures that franchisees are not relying solely on the franchisor's representations and have taken the necessary steps to understand the business and its associated risks. By signing this acknowledgment, the franchisee confirms they are entering the agreement with informed consent.
However, this acknowledgement does not apply to franchise sales in or to residents of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.