What three conditions must a Deka Lash developer meet to be eligible for a development schedule extension?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
If at any point, you are (a) not current on your obligations owed to us, (b) not in compliance with your Franchise Agreement(s) or Development Agreement, or (c) not showing a good faith effort in trying secure and open your next scheduled studio, your territory and remaining development rights will be immediately terminated.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
The 2024 Deka Lash Franchise Disclosure Document outlines conditions that can lead to the termination of territory and development rights if a developer is seeking a development schedule extension. Specifically, a Deka Lash developer's territory and remaining development rights can be terminated immediately if they meet any of the following three conditions.
First, the developer must be current on all obligations owed to Deka Lash. This means all payments, fees, and other financial responsibilities must be up to date. Second, the developer must be in compliance with all Franchise Agreements and the Development Agreement. This includes adhering to operational standards, marketing guidelines, and other contractual obligations.
Third, the developer must demonstrate a good faith effort to secure and open the next scheduled Deka Lash studio. This implies active engagement in site selection, lease negotiation, and other necessary steps to progress with the development schedule. If any of these three conditions are not met, Deka Lash can terminate the developer's territory and development rights.