What section of the Apricot Lane Franchise Agreement addresses modification of the agreement?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN FRANCHISE AGREEMENT | SUMMARY | |
|---|---|---|---|
| r. | Non-competition covenants after the franchise is terminated or expires | Section 17.B in Franchise Agreement | For 2 years after expiration or termination for any reason, you may not own or be involved in competing business within your former Territory or within 10 miles of any other Store. (Subject to state law.) |
| s. | Modification of the | Sections 23.E in | Franchise Agreement may not be amended |
| agreement | Franchise Agreement | except in writing and agreed to by both parties. |
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, Section 23.E of the Franchise Agreement addresses the modification of the agreement. The FDD indicates that the Apricot Lane Franchise Agreement may not be amended except through a written agreement that is agreed to by both Apricot Lane and the franchisee.
This stipulation is fairly standard in franchising. It ensures that any changes to the original agreement are documented and mutually agreed upon, protecting both the franchisor and franchisee from unilateral alterations to the contract. This requirement for written consent provides a clear and enforceable record of any modifications.
Prospective Apricot Lane franchisees should understand that any verbal promises or agreements made outside of the written Franchise Agreement and its amendments may not be legally binding. Therefore, it is crucial to ensure that all agreed-upon terms and modifications are documented in writing and signed by both parties to avoid potential disputes in the future.