What happens if the Apricot Lane franchisee does not sign the renewal agreement by the deadline?

According to the 2025 Apricot Lane Franchise Disclosure Document, a franchisee must sign the renewal Franchise Agreement offered by Apricot Lane at least 60 days before the current franchise term expires. If the franchisee fails to sign the agreement by this deadline, the franchise will automatically expire at the end of the current term.

This requirement means that an Apricot Lane franchisee needs to be proactive in the renewal process. They must carefully review the renewal agreement, address any concerns with Apricot Lane, and ensure the agreement is signed and submitted well in advance of the 60-day deadline. Failure to do so will result in the termination of their franchise.

It is important to note that the terms of the renewal agreement may differ from the original agreement, potentially including changes to royalty percentages, advertising contributions, or other fees. However, the franchisee will not be required to pay the then-current initial franchise fee or its equivalent. Franchisees should carefully evaluate these potential changes before signing the renewal agreement to ensure they are comfortable with the new terms.