What schedules are included in the Deka Lash Franchise Agreement as per Exhibit B?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, Exhibit B details the schedules included in the Franchise Agreement. Specifically, Exhibit B encompasses three schedules: Schedule 1, which outlines the Protected Area; Schedule 2, which lists the Holders of Ownership Interest in the Franchise; and Schedule 3, which contains the State Addenda.
For a prospective Deka Lash franchisee, understanding these schedules is crucial. The Protected Area (Schedule 1) defines the geographic territory where the franchisee will operate, which directly impacts market potential and competition. Knowing the specifics of this area helps in assessing the viability of the location. Schedule 2, concerning the Holders of Ownership Interest, is important for clarifying who has financial stakes and decision-making power within the franchise, which can affect operational control and profit distribution.
Finally, Schedule 3, the State Addenda, addresses any state-specific regulations or requirements that may impact the franchise's operations. Franchise agreements often need to be modified to comply with state laws, so this schedule ensures that the Deka Lash franchise adheres to local legal standards. Reviewing these schedules carefully is a key step in evaluating the full scope and obligations of the Deka Lash franchise agreement.