How can the Epcon Communities franchise agreement be executed?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISE AGREEMENT
This Franchise Agreement (this "Agreement") is made by and between Epcon Communities Franchising, LLC, an Ohio limited liability company having its principal business offices at 500 Stonehenge Parkway, Dublin, Ohio 43017 (hereinafter , a(n) referred to as "Franchisor"), and its principal business offices at having (hereinafter referred to as "Franchisee"), to be effective as of the date executed by Franchisor. For and in consideration of the covenants and promises herein contained, Franchisor and Franchisee make the following agreement, intending to be legally bound thereby:
Article 1 The Development System and Franchisee's Acknowledgments
- 1.1 Franchisor, as a result of the expenditure of substantial time, effort, and money, has created a unique Development System (as hereinafter defined) for the purpose of providing guidance for development of detached and attached homes. As a part of the franchise and license granted in Article 3 hereof, Franchisor shall provide the materials and services described in Article 4 hereof to enable Franchisee to implement the Development System at the location and within the area as set forth in the Initial Market Area Agreement (the "Initial Market Area Agreement") substantially in the form attached hereto as Exhibit "1" or the Market Area Agreement ("Market Area Agreement") substantially in the form attached hereto as Exhibit "2".
- 1.2 Franchisee, being cognizant of the distinctive significance and value thereof, desires to make use of and to enjoy the benefits of Franchisor's Development System. The success of its use of the Development System depends upon its strict adherence to Franchisor's uniform standards, procedures, and plans, as well as Franchisee's business abilities and other variables. Franchisee agrees to preserve in every way possible the integrity of Franchisor's materials, reputation, and goodwill. Franchisee acknowledges that execution of either an Initial Market Area Agreement or a Market Area Agreement is required at the same time as the execution of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, the Franchise Agreement is formalized when it is executed by Epcon Communities Franchising, LLC. The agreement is made between Epcon Communities Franchising, LLC, located in Dublin, Ohio, and the franchisee. The agreement becomes effective on the date it is executed by Epcon Communities. Both parties enter into the agreement with the intention of being legally bound by the terms and conditions outlined within it.
The Franchise Agreement outlines the specifics of the Development System, which Epcon Communities has created through significant investment. This system provides guidance for developing both detached and attached homes. As part of the franchise, Epcon Communities provides materials and services to enable the franchisee to implement the Development System within their designated area, as defined in the Initial Market Area Agreement or the Market Area Agreement.
The franchisee acknowledges the value of the Development System and agrees to adhere strictly to Epcon Communities' standards, procedures, and plans. The franchisee also understands that their success depends on their business abilities and other variables, and they agree to maintain the integrity of Epcon Communities' materials, reputation, and goodwill. The franchisee must execute either an Initial Market Area Agreement or a Market Area Agreement when signing the Franchise Agreement.