Does the Apricot Lane Franchise Agreement include an amendment specifically for the E-Commerce Platform?
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
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
Yes, according to Apricot Lane's 2025 Franchise Disclosure Document, there is an amendment for the E-Commerce Platform. Exhibit B-1 to the Country Visions, Inc. Disclosure Document is titled "AMENDMENT FOR E-COMMERCE PLATFORM." This indicates that the franchise agreement includes a specific amendment addressing the terms and conditions related to the E-Commerce Platform.
This amendment covers various aspects of the E-Commerce Platform, including the franchisee's rights and obligations, the franchisor's rights, and the use of the platform. It also addresses issues such as intellectual property, revenue sharing, and data ownership. The franchisee is required to acknowledge that they have read and understood the amendment and have had the opportunity to consult with advisors regarding the potential benefits and risks of entering into the amendment.
The amendment also states that it reflects the entire understanding of the parties with respect to the subject matter and that the Franchise Agreement remains in full force and effect except as amended by this amendment. This means that the terms of the amendment take precedence over any conflicting terms in the original Franchise Agreement. Prospective franchisees should carefully review this amendment to understand their rights and obligations related to the E-Commerce Platform.
Apricot Lane franchisees must recognize that the franchisor can modify the E-Commerce Platform, potentially incurring costs for the franchisee. The franchisee is also responsible for securing insurance related to the E-Commerce Platform and must indemnify the franchisor against any liabilities. The franchisor owns all visitor information from the E-Commerce Platform, and the franchisee must adhere to the franchisor's privacy policies. Failure to comply with the E-Commerce Platform guidelines can result in termination of the franchisee's right to use the platform or even the termination of the entire Franchise Agreement.