What does Deka Lash want to confirm about compliance with franchise disclosure laws through the Franchisee Closing Acknowledgement?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
DL FRANCHISING, LLC ("Deka Lash") ("we/us"), through the use of this Franchisee Closing Acknowledgement, desires clarify and confirm your understanding and acceptance of the terms of the agreements, to verify certain information about the sales process, and to confirm that we and our employees have complied with applicable franchise disclosure laws and have not authorized anything that may be untrue, inaccurate or misleading. We further desire to confirm that you fully understand that the purchase of a Deka Lash franchise is a business decision involving the evaluation of many risks. Our policy is to verify and confirm that in making your decision you are not relying upon any oral statement, representation, promise or assurance made during the negotiations for the purchase of a Deka Lash franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative") that is not specifically reported in our then-current Franchise Disclosure Document, including all of the exhibits attached to it (the "Franchise Disclosure Document"). Please review each of the following questions and statements and INITIAL ONLY IF YOU AGREE WITH SUCH. IF YOU DO NOT AGREE WITH THE FOLLOWING, DO NOT SIGN YOUR FRANCHISE AGREEMENT.
- I have personally and carefully reviewed the Franchise Disclosure Document and Deka Lash Franchise Agreement and understand the terms, conditions, and obligations of these agreements.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the Franchisee Closing Acknowledgement is used by DL Franchising, LLC to confirm the franchisee's understanding and acceptance of the franchise agreement terms. Deka Lash also uses this form to verify information about the sales process and to confirm that the company and its employees have complied with franchise disclosure laws. Deka Lash wants to ensure that nothing untrue, inaccurate, or misleading was authorized during the sales process.
Specifically, Deka Lash aims to confirm that the franchisee understands that purchasing a Deka Lash franchise is a business decision that involves risks. The company's policy is to verify that the franchisee is not relying on any oral statements, representations, promises, or assurances made by any of Deka Lash's representatives that are not specifically stated in the current Franchise Disclosure Document.
By initialing the acknowledgement, the franchisee confirms they have carefully reviewed the Franchise Disclosure Document and the Deka Lash Franchise Agreement and understand the terms, conditions, and obligations outlined in these agreements. The document explicitly states that if the franchisee does not agree with the statements in the acknowledgement, they should not sign the Franchise Agreement.