For Epcon Communities, which exhibit in the disclosure document contains the Personal Covenants and Agreement document?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document dated April 11, 2025 that included the following Exhibits:
- A. Financial Statements for Epcon Communities Franchising, LLC
- B. Franchise Agreement
- C. Initial Market Area Agreement
- D. Market Area Agreement
- E. Personal Covenants and Agreement of Principal, Officer, Director, Owner, Investor or Partner
- F. Personal Covenants and Agreement of One Provided Detailed Knowledge of the Development System
- G. Market Hold Agreement
- H. Sublicense Agreement
- I. Lender Assignment Agreement
- J. Mortgage
- K. Non-Disclosure and On-Line Information Access Agreements
- L. Copyright Assignment and Agreement
- M. Security Agreement
- N. List of Franchisees
- O. List of State Administrators
- P. List of Agents for Service of Process
- Q. List of Copyrights
- R. Termination and Release Agreement
- S. Technology Royalty Addendum to Franchise Agreement
- T. State Addenda to the Franchise Disclosure Document and Agreements
- U. Receipt Page
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 54–55)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the Personal Covenants and Agreement of Principal, Officer, Director, Owner, Investor or Partner is listed as Exhibit E. There is also a Personal Covenants and Agreement of One Provided Detailed Knowledge of the Development System, which is listed as Exhibit F.
These agreements are crucial because they outline the obligations and restrictions placed on individuals associated with the franchisee, such as principals, officers, and those with detailed knowledge of Epcon Communities' development system. These individuals must agree to protect the confidentiality of the Development System and adhere to specific covenants.
Prospective franchisees should carefully review Exhibits E and F to understand the full scope of these personal covenants and agreements. Understanding these obligations is essential for anyone involved in the franchise, as they directly impact their conduct and responsibilities concerning the Epcon Communities Development System. Franchisees should also note that Exhibit F refers to another agreement, EXHIBIT "3A" (to Franchise Agreement and Sublicense Agreement), which further defines the obligations of those with detailed knowledge of the development system.