Where can I find the form of the Market Area Agreement for Epcon Communities?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
Marks.
If you have not identified a specific property for development at the time you sign your Franchise Agreement with us, you must sign an Initial Market Area Agreement (the form of each is attached as Exhibit C to this disclosure document), which provides for a market area in which you may be able to locate your project and which gives you additional time to locate suitable property for your project. When you identify a property for your project, and we agree to that location, you will be required to sign a Market Area Agreement with us, which will have a smaller market area than that in the Initial Market Area Agreement. The size of the market area included in the Market Area Agreement will depend upon the number of Units
planned for your project. The form of Market Area Agreement is attached to this disclosure document as Exhibit D.
Under certain circumstances, we may grant you an extension of time to use the rights to the Development System granted to you under your Market Area Agreement, and under certain circumstances, even though your rights to use the Development System have terminated, you may complete construction of Units in your project (during a period of time not to exceed one year).
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, the form of the Market Area Agreement is included as Exhibit D. The document also mentions an Initial Market Area Agreement, the form of which is attached as Exhibit C. The Initial Market Area Agreement is signed if a franchisee has not identified a specific property for development at the time of signing the Franchise Agreement. This agreement provides a market area to locate a project and allows additional time to find suitable property. Once a property is identified and approved by Epcon Communities, the franchisee will then sign the Market Area Agreement, which covers a smaller market area than the initial agreement.
The size of the market area in the Market Area Agreement depends on the number of Units planned for the project. This agreement grants the franchisee the right to use Epcon Communities' Development System for developing, constructing, and marketing residential homes within a specified territory.
Under certain conditions, Epcon Communities may grant an extension to use the Development System rights under the Market Area Agreement. Even if the rights have terminated, a franchisee may be allowed to complete construction of Units in their project within a period not exceeding one year. This flexibility can be beneficial for franchisees facing unexpected delays or challenges during the construction phase.