What is the Effective Date of the Epcon Communities Market Hold Agreement?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
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- The effective date of this Market Hold Agreement (the "Effective Date") shall be the date upon which the Franchisor receives the Initial Market Hold Fee from Franchisee or which the Franchisor executes this Market Hold Agreement, whichever is later.
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, the effective date of the Market Hold Agreement is determined by whichever event occurs later: either the date Epcon Communities receives the Initial Market Hold Fee from the franchisee or the date Epcon Communities executes the Market Hold Agreement.
This means that the agreement isn't fully in force until Epcon Communities has both received the required fee and formally signed the agreement. For a prospective franchisee, this clarifies that simply paying the fee doesn't automatically activate the agreement; Epcon Communities must also sign it. Conversely, Epcon Communities signing the agreement doesn't make it effective until the fee is paid.
This clause protects both parties by ensuring that there is a mutual exchange of consideration (the fee) and commitment (signatures) before the agreement takes effect. Franchisees should confirm the exact effective date with Epcon Communities to avoid any ambiguity about when their rights and obligations under the Market Hold Agreement begin.