Does the Epcon Communities Franchise Disclosure Document include a Lender Assignment Agreement as an exhibit?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit E | Personal Covenants and Agreement of Principal, Officer, Director, Owner, Investor or Partner of Franchisee |
|---|---|
| Exhibit F | Personal Covenants and Agreement of One Provided Detailed Knowledge of the Development System |
| Exhibit G | Market Hold Agreement |
| Exhibit H | Sublicense Agreement |
| Exhibit I | Lender Assignment Agreement |
| Exhibit J | Mortgage |
| Exhibit K | Non-Disclosure and On-Line Information Access Agreements |
| Exhibit L | Copyright Assignment & Agreement |
| Exhibit M | Security Agreement |
| Exhibit N | Termination and Release Agreement |
| Exhibit O | List of State Administrators |
| Exhibit P | List of Agents for Service of Process |
| Exhibit Q | List of Copyrights |
| Exhibit R | Termination and Release agreement |
| Exhibit S | Technology Royalty Addendum to Franchise Agreement |
| Exhibit T | State Addenda to the Franchise Disclosure Document and Agreements |
| Exhibit U | Receipt Pages |
Source: Item 22 — CONTRACTS (FDD pages 85–86)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, a Lender Assignment Agreement is included as an exhibit. Specifically, Exhibit I lists the Lender Assignment Agreement. This agreement is one of several exhibits attached to the disclosure document, which relate to the offering of the Epcon Communities franchise.
The inclusion of a Lender Assignment Agreement as an exhibit suggests that Epcon Communities anticipates franchisees may need to secure financing from lenders. This agreement likely outlines the terms and conditions under which a lender can assume the franchisor's rights and responsibilities in certain situations, such as if the franchisee defaults on their loan.
For a prospective Epcon Communities franchisee, reviewing this agreement is crucial to understand the relationship between the franchisee, the franchisor, and any potential lenders. It clarifies the lender's rights and obligations, and how those rights might impact the franchisee's operation of the business. Understanding this document is a key part of assessing the financial risks and responsibilities associated with the Epcon Communities franchise.