Where can I find information regarding an Epcon Communities franchisee's obligations concerning the collateral as outlined in the Security Agreement?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 9: FRANCHISEE'S OBLIGATIONS]
| Obligation | Article(s)/Section(s)/ Paragraph(s) in Agreement or Addendum | Disclosure Document Item | |
|---|---|---|---|
| gg. | Change to name, address, officers or type of business organization | Paragraph 6 of the Security Agreement | Not Applicable |
| hh. | Obligations concerning the collateral. | Paragraph 8 of the Security Agreement | Not Applicable |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 35–38)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations. Specifically, it indicates where information regarding obligations concerning the collateral can be found.
Item 9 provides a table that cross-references obligations with specific sections of the franchise and related agreements. Under the obligation "Obligations concerning the collateral," the relevant section is identified as Paragraph 8 of the Security Agreement. This means that a prospective franchisee should refer to Paragraph 8 within the Security Agreement to understand their duties and responsibilities related to the collateral.
It is important to note that the table also indicates that this particular obligation is "Not Applicable" to any specific item within the Disclosure Document itself. This suggests that the details regarding collateral obligations are exclusively detailed within the Security Agreement, and not summarized or discussed elsewhere in the FDD. Therefore, careful review of Paragraph 8 of the Security Agreement is crucial for any potential Epcon Communities franchisee to fully understand their obligations.