What existing agreement is this document amending for Apricot Lane franchisees?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT B-1 TO THE COUNTRY VISIONS, INC. DISCLOSURE DOCUMENT
AMENDMENT FOR E-COMMERCE PLATFORM
AMENDMENT FOR E-COMMERCE PLATFORM
Effect of Amendment. This Amendment reflects the entire understanding of the Parties with respect to the subject matter thereof. Except as amended by this Amendment, the Franchise Agreement shall remain in full force and effect in accordance with its terms.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, the amendment discussed is specifically for the E-Commerce Platform. This amendment modifies the existing Franchise Agreement to incorporate terms and conditions related to the franchisee's operation of an online store.
The document emphasizes that this amendment represents the complete understanding between Apricot Lane and the franchisee regarding the E-Commerce Platform. It clarifies that all other aspects of the original Franchise Agreement remain in full effect, except for the specific changes introduced by this amendment. This ensures that the franchisee understands the limited scope of the changes and that the core obligations and rights under the original agreement are not affected.
Prospective franchisees should carefully review the amendment to understand their obligations and the franchisor's rights concerning the E-Commerce Platform. This includes understanding the fees, standards, and operational requirements associated with running the online store. Franchisees are also advised to seek independent legal and financial advice to fully understand the implications of the amendment and its potential impact on their business.
The amendment also includes a clause stating that the franchisee acknowledges the business risks associated with the E-Commerce Platform and that Apricot Lane does not guarantee its success. This highlights the importance of the franchisee's active involvement in promoting and operating the online store to achieve the desired results.