Where in the Apricot Lane Franchise Agreement can I find information about the length of the franchise term?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN FRANCHISE AGREEMENT | SUMMARY |
|---|---|---|
| a. Length of the franchise | Section 3.A in the | Term is 10 years beginning on the first day of |
| term | Franchise Agreement | the lease term for the premises. |
| b. Renewal or extension of | Section 3.B in | If you are in good standing, you can renew for |
| the term | Franchise Agreement | 2 additional successive terms of 5 years each. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 35–39)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, details regarding the franchise term are found in Section 3.A of the Franchise Agreement. This section specifies that the initial term is 10 years, commencing on the first day of the lease term for the premises.
Additionally, Section 3.B of the Apricot Lane Franchise Agreement outlines the conditions for renewal or extension of the franchise term. If the franchisee is in good standing with Apricot Lane, they have the option to renew the franchise for two additional, successive terms of 5 years each.
In summary, a prospective Apricot Lane franchisee can expect an initial franchise term of 10 years, with the possibility of extending the agreement for up to 10 more years through two 5-year renewal terms, provided they meet the franchisor's requirements for good standing.