factual

Does Deka Lash require franchisees to acknowledge receiving the Franchise Agreement before signing?

Deka_Lash Franchise · 2024 FDD

Answer from 2024 FDD Document

DL FRANCHISING, LLC ("Deka Lash") ("we/us"), through the use of this Franchisee Closing Acknowledgement, desires clarify and confirm your understanding and acceptance of the terms of the agreements, to verify certain information about the sales process, and to confirm that we and our employees have complied with applicable franchise disclosure laws and have not authorized anything that may be untrue, inaccurate or misleading. We further desire to confirm that you fully understand that the purchase of a Deka Lash franchise is a business decision involving the evaluation of many risks. Our policy is to verify and confirm that in making your decision you are not relying upon any oral statement, representation, promise or assurance made during the negotiations for the purchase of a Deka Lash franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative") that is not specifically reported in our then-current Franchise Disclosure Document, including all of the exhibits attached to it (the "Franchise Disclosure Document"). Please review each of the following questions and statements and INITIAL ONLY IF YOU AGREE WITH SUCH. IF YOU DO NOT AGREE WITH THE FOLLOWING, DO NOT SIGN YOUR FRANCHISE AGREEMENT.

  1. I have personally and carefully reviewed the Franchise Disclosure Document and Deka Lash Franchise Agreement and understand the terms, conditions, and obligations of these agreements.

Source: Item 23 — RECEIPT (FDD pages 63–234)

What This Means (2024 FDD)

Yes, according to the 2024 Deka Lash Franchise Disclosure Document, franchisees must acknowledge that they have carefully reviewed and understand the Franchise Disclosure Document and Franchise Agreement before signing. This acknowledgement is part of the Franchisee Closing Acknowledgements.

The acknowledgement is designed to verify the franchisee's understanding and acceptance of the agreement terms, confirm information about the sales process, and ensure compliance with franchise disclosure laws. Deka Lash aims to confirm that franchisees are not relying on any oral statements or representations not included in the Franchise Disclosure Document.

Specifically, franchisees must initial their agreement with the statement confirming their review and understanding. If a prospective franchisee does not agree with the statement, they are instructed not to sign the Franchise Agreement.

However, it is important to note that these closing acknowledgements are not to be used for any franchise sale in or to residents of CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, or WI.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.