What is the dependency for the automatic termination of the Assignment Agreement related to Epcon Communities after the Assignor's obligations are fulfilled?

According to Epcon Communities' 2025 Franchise Disclosure Document, the Assignment Agreement will automatically terminate once the Assignor has made the final payment in full to the Assignee, satisfying all obligations under the Loan Agreements. Following this final payment, the Assignee is required to promptly notify Epcon Communities of the completed payment.

This provision ensures that the Assignment Agreement remains in effect only as long as the Assignor has outstanding financial obligations to the Assignee. Once these obligations are fully satisfied, the agreement is no longer necessary and is terminated. This protects the interests of all parties involved by clearly defining the conditions under which the Assignment Agreement ceases to be in effect.

For a prospective Epcon Communities franchisee, this means that if they are party to an Assignment Agreement, they need to be aware of the specific conditions that trigger its termination. Specifically, they should ensure that the Assignee promptly notifies Epcon Communities upon the final payment to avoid any confusion or disputes regarding the status of the agreement. This clear termination clause provides a defined endpoint to the agreement, offering clarity and legal certainty for all parties involved.