What is the title of Exhibit F-5 in the Deka Lash FDD?
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 |
| 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 |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, Exhibit F-5 is titled "Deka Lash Closing Acknowledgments." This exhibit is a document used by Deka Lash to confirm the franchisee's understanding and acceptance of the franchise agreement terms, verify information about the sales process, and ensure compliance with franchise disclosure laws.
The document aims to confirm that the prospective franchisee is not relying on any oral statements or representations made during negotiations that are not specifically included in the Franchise Disclosure Document. It includes a series of questions and statements that the franchisee must initial to indicate their agreement.
Notably, the exhibit includes a disclaimer stating that it should not be used for franchise sales in or to residents of certain states, including CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, and WI. Furthermore, the document explicitly states that it should not be signed by residents of Maryland or if the franchise is to be operated in Maryland.