What is Exhibit A to the Franchise Agreement called for Apricot Lane?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
rack record of the developer.
Sometimes the location for the APRICOT LANE Store is identified and approved before the Franchise Agreement is signed. Otherwise, you will sign Exhibit A to the Franchise Agreement, Open License Addendum, which indicates that no specific site has been identified and that a site must be located within a certain number of calendar months, or extensions by mutual agreement, as indicated in the Open License Addendum. If a site is not located within the time agreed including any extensions granted, we will retain your $5,000 deposit and the Franchise
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–30)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, Exhibit A to the Franchise Agreement is called the Open License Addendum. This addendum is signed when a specific site for the Apricot Lane store has not been identified and approved before the Franchise Agreement is signed.
The Open License Addendum indicates that the franchisee must locate a site within a certain number of calendar months, with possible extensions by mutual agreement. If a suitable site is not found within the agreed timeframe, Apricot Lane has the right to retain the franchisee's $5,000 deposit, and the Franchise Agreement will be terminated.
For prospective franchisees, this means that securing a location is a critical first step. If a location isn't already in place, the Open License Addendum sets a strict timeline for finding one, and failure to do so can result in the loss of the initial deposit and termination of the agreement. This highlights the importance of thorough site selection and lease negotiation when considering an Apricot Lane franchise.