What is the deadline for an Apricot Lane franchisee to sign the renewal franchise agreement?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE agrees to sign the Franchise Agreement offered by FRANCHISOR at least sixty (60) days before the current franchise term expires.
If the Agreement is not signed by that deadline, the franchise will automatically expire at the end of the term;
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane FDD, a franchisee must sign the renewal franchise agreement at least sixty (60) days before the current franchise term expires. If the franchisee fails to meet this deadline, the franchise will automatically expire at the end of the current term.
Apricot Lane provides the renewal form of the Franchise Agreement to the franchisee at least ninety (90) days before the renewal term is scheduled to begin. This allows the franchisee time to review the agreement and seek legal counsel if desired. The renewal agreement may have different terms than the original agreement, including different royalty percentages, advertising contributions, or other fees. However, the franchisee is not required to pay the then-current initial franchise fee or its equivalent.
Meeting the signing deadline is crucial for an Apricot Lane franchisee who wishes to continue operating their store under the Apricot Lane brand. Failure to sign by the deadline results in the automatic expiration of the franchise, potentially leading to a loss of business and brand affiliation.