Under what circumstance does Deka Lash have the option to purchase a franchisee's business, and at what price?

Question

Accepted Answer

| Provision | Franchise Agreement | Summary | |---------------------------------------------------------------------------|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Agreement |

execute any transfer, amendment, or release forms that we may require;
provide to us a copy of the proposed transfer documents;
comply with the post-termination provisions; and
request that we provide the prospective transferee with our current franchise disclosure document.
pay to us the Transfer Fee;
pay to us the Prospect Generation Fee, as applicable;
the purchase price and terms of the proposed transfer are not so burdensome to the prospective transferee as to impair or materially threaten its future operation.

| | n. Franchisor's right to first | 14.6 | Transferee must: - meet our criteria; - execute our then-current Franchise Agreement; - pay any initial franchise fee, as applicable; - satisfactorily complete our initial training program; - obtain necessary licenses and permits; - obtain any lessor approval for transfer; - the transfer must be made in compliance with any laws that apply to the transfer. We have a right of first refusal to match any | | refusal to acquire franchisee's business | | purchase offer for your franchise, any interest in the franchise, or substantially all the assets of the Franchised Business. | | o. Franchisor's option to purchase franchisee's business | 15.c. | Upon franchisee's death, we may purchase the business for fair market value. | | p. Death or disability of franchisee | 15 | With Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 49–54)

Under what circumstance does Deka Lash have the option to purchase a franchisee's business, and at what price?

Answer from 2024 FDD Document

What This Means (2024 FDD)

Provision	Franchise Agreement	Summary
	Agreement	execute any transfer, amendment, or release forms that we may require; provide to us a copy of the proposed transfer documents; comply with the post-termination provisions; and request that we provide the prospective transferee with our current franchise disclosure document. pay to us the Transfer Fee; pay to us the Prospect Generation Fee, as applicable; the purchase price and terms of the proposed transfer are not so burdensome to the prospective transferee as to impair or materially threaten its future operation.
n. Franchisor's right to first	14.6	Transferee must: - meet our criteria; - execute our then-current Franchise Agreement; - pay any initial franchise fee, as applicable; - satisfactorily complete our initial training program; - obtain necessary licenses and permits; - obtain any lessor approval for transfer; - the transfer must be made in compliance with any laws that apply to the transfer. We have a right of first refusal to match any
refusal to acquire franchisee's business		purchase offer for your franchise, any interest in the franchise, or substantially all the assets of the Franchised Business.
o. Franchisor's option to purchase franchisee's business	15.c.	Upon franchisee's death, we may purchase the business for fair market value.
p. Death or disability of franchisee	15	With