Does the Apricot Lane Franchise Agreement include a written Franchisee Statements Regarding Franchise Sales Process?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
TO HELP DEMONSTRATE OUR COMPLIANCE WITH APPLICABLE FRANCHISE LAWS, YOU MUST COMPLETE AND SIGN THE FRANCHISE SALES PROCESS FORM ATTACHED AS EXHIBIT F AND PROVIDE IT TO US WHEN YOU SIGN THIS AGREEMENT.
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of anydocument executed in connection with the franchise.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, franchisees must complete and sign a Franchise Sales Process form. This form, attached as Exhibit F, must be provided to Country Visions, Inc. (Apricot Lane) when the Franchise Agreement is signed.
The inclusion of this form indicates Apricot Lane's proactive approach to complying with franchise laws. By requiring franchisees to acknowledge their understanding of the sales process, Apricot Lane aims to ensure that franchisees have conducted their own independent investigation and recognize the risks associated with the business venture.
Furthermore, the Franchise Agreement states that no statement, questionnaire, or acknowledgment signed by the franchisee can waive claims under state franchise law, including fraud in the inducement, or disclaim reliance on statements made by Apricot Lane or its representatives. This provision protects the franchisee's rights and ensures that they are not bound by any document that compromises their legal standing.