In the context of the addendum, who are the parties involved in the agreement with Epcon Communities?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum to Epcon Communities Franchising, LLC Franchise Agreement is agreed to this |
|---|
| day of, 20, by and between Epcon Communities Franchising, LLC |
| ("Franchisor") and ("Franchisee") to amend and revise the Franchise |
| Agreement between the parties, dated,, in the following respects: |
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 FDD, the addendum to the Epcon Communities Franchise Agreement is made between Epcon Communities Franchising, LLC, identified as the Franchisor, and the Franchisee. This indicates that the addendum serves to modify or amend the existing Franchise Agreement between these two primary parties. The specific details of what is being modified or amended can vary, as seen in addenda for different states like Virginia, Maryland, and Illinois, addressing issues ranging from franchisee statements to compliance with state-specific laws.
In some instances, a third party may be involved. For example, Higharc Inc. provides construction-related services through a cloud-based platform to Epcon Communities and qualifying franchisees. In the context of an assignment agreement, the assignor and assignee both acknowledge that Epcon Communities is a third-party beneficiary, with rights to enforce provisions of the agreement.
Prospective franchisees should understand that addenda are integral parts of their franchise agreement, potentially altering their rights and obligations. It is important to carefully review any addenda, especially those specific to their state, to understand how they modify the standard franchise agreement. Furthermore, franchisees should be aware of any third parties involved and how their services or agreements might impact the franchise relationship.