Who is required to sign the Deka Lash Franchise Disclosure Document receipt?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
I have received a disclosure document dated March 5, 2024 that included the following Exhibits:
Exhibit A State Addenda to the Disclosure Document Exhibit B Franchise Agreement Schedule 1 - Protected Area Schedule 2 - Holders of Ownership Interest in the Franchise Schedule 3 - State Addenda Exhibit C Area Development Agreement Appendix 1 - Data Sheet Appendix 2 - State Addenda Exhibit D List of State Administrators Exhibit E Registered Agents Exhibit F-1 Franchisor Addendum Exhibit F-2 Conditional Assignment of Lease and Telephone Number Assignment Exhibit F-3 Confidentiality and Non-Disclosure Agreement Exhibit F-4 Automatic Bank Draft Authorization Exhibit F-5 Deka Lash Closing Acknowledgments Exhibit F-6 SBA Addendum Exhibit G List of Current Franchisees Exhibit H List of Former Franchisees Exhibit I Financial Statements Exhibit J Table of Contents of Operations Manual Exhibit K Release Exhibit L Area Representative Disclosures Exhibit M State Effective Dates Exhibit N Receipt
DATE YOU RECEIVED THIS DISCLOSURE DOCUMENT
PROSPECTIVE FRANCHISEE
(Name of corporation, partnership, limited liability company or other legal entity or individually if blank) Signature: Signature: Name: Name: Title: Title: Signature: Signature: Name: Name: Title: Title:
Please sign, date, and retain this copy for your records.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the prospective franchisee is required to sign the Franchise Disclosure Document receipt. The receipt confirms that the prospective franchisee received the disclosure document, which includes important exhibits, such as state addenda, franchise agreements, and financial statements. The receipt also requires the date the disclosure document was received to be entered.
The receipt includes signature lines for the prospective franchisee, including name and title. If the prospective franchisee is a corporation, partnership, limited liability company, or other legal entity, then the name of the entity should be entered. If the prospective franchisee is an individual, then the individual's name should be entered. There are multiple signature lines, suggesting that more than one person associated with the prospective franchisee may need to sign.
The FDD receipt serves as an acknowledgment that Deka Lash has provided the necessary disclosure documents to the prospective franchisee within the legally mandated timeframe. Signing and retaining a copy of the receipt is important for the prospective franchisee's records, as it may be needed to demonstrate compliance with franchise disclosure laws. Deka Lash must provide the disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, them or an affiliate in connection with the proposed franchise sale.
Prospective franchisees should carefully review all documents before signing the receipt to ensure they understand their rights and obligations. It is advisable to consult with an attorney or financial advisor to fully understand the implications of the franchise agreement and the information contained in the disclosure document.