Under what circumstances can the minimum insurance limits required of an Apricot Lane franchisee be modified?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
Minimum limits as required above may be modified from time to time, as conditions require, by written notice to FRANCHISEE or by modifications to the Confidential Operations Manual.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the minimum insurance limits required of a franchisee can be modified under certain circumstances. The document states that these limits may be adjusted from time to time based on changing conditions.
Specifically, Apricot Lane can modify the minimum insurance limits by providing written notice to the franchisee. This ensures that the franchisee is formally informed of the changes and has a record of the updated requirements.
Alternatively, Apricot Lane can also modify the minimum insurance limits by making changes to the Confidential Operations Manual. Since franchisees are expected to adhere to the guidelines outlined in this manual, any modifications made within it effectively change the insurance requirements. This allows Apricot Lane to implement changes that apply system-wide through a standardized document.