How long is the term of the Apricot Lane Franchise Agreement, assuming it is not terminated early?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
and
- (4) engage in all other activities that this Agreement does not expressly prohibit.
SECTION 3: TERM AND RENEWAL
A. Term
This Agreement becomes effective upon the date it is signed by FRANCHISOR. The term of this Agreement shall expire ten (10) years from the date of commencement of the initial term of the lease for the Premises, unless sooner terminated as provided herein.
B. Renewal
FRANCHISEE shall have the right to renew this franchise for two (2) additional successive terms of five (5) years each, provided that all
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, the initial term of the Franchise Agreement is ten years. The agreement becomes effective once it is signed by Apricot Lane. The ten-year term starts from the commencement date of the initial lease for the premises.
As a franchisee, you have the option to renew the franchise for two additional terms, each lasting five years. This means that, if all renewal conditions are met, the total potential term of the Apricot Lane franchise agreement could be up to 20 years (10 years initial term + 5 years renewal term + 5 years renewal term).
To be eligible for renewal, franchisees must meet specific conditions outlined in the Franchise Agreement. These conditions typically include remaining in good standing with Apricot Lane, fulfilling all financial obligations, and executing the then-current form of the Franchise Agreement. Failing to meet these conditions could result in the denial of the renewal.