Within how many days of the Effective Date must a Deka Lash franchise be open and operational?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
This Agreement will commence as of the date it is fully executed and, unless earlier terminated by us, will end on the earlier of a) the last day of the calendar month that the final Franchised Business is required to be opened and operating under the Development Schedule or b) the date you execute a lease for the final Franchised Business required to be opened and operating under the Development Schedule.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
The 2024 Deka Lash Franchise Disclosure Document states that the franchise agreement commences on the date it is fully executed and, unless earlier terminated, will end on the earlier of two conditions. The first condition is the last day of the calendar month that the final Franchised Business is required to be opened and operating under the Development Schedule. The second condition is the date you execute a lease for the final Franchised Business required to be opened and operating under the Development Schedule.
This means that the specific timeframe for opening and operating a Deka Lash franchise is tied to a 'Development Schedule,' particularly when a franchisee is developing multiple units. The agreement's term concludes when the final franchise unit is expected to be operational, or when the lease for that final unit is executed, whichever comes first.
Prospective franchisees should carefully review the Development Schedule outlined in their agreement to understand the exact deadlines for opening each franchise location. Missing these deadlines could lead to termination of the agreement. This is especially important for multi-unit developers who need to coordinate the opening of several locations within a specific timeframe.