Does the Epcon Communities Franchise Disclosure Document include a sample Technology Royalty Addendum to the Franchise Agreement?
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 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
Yes, the 2025 Epcon Communities Franchise Disclosure Document includes a sample Technology Royalty Addendum to the Franchise Agreement. According to the exhibit list, Exhibit S is the Technology Royalty Addendum to the Epcon Communities Franchising, LLC Franchise Agreement.
Additionally, the document includes a statement indicating that the Technology Royalty Addendum to Epcon Communities Franchising, LLC Franchise Agreement is agreed to by and between Epcon Communities Franchising, LLC and the franchisee to amend and revise the Franchise Agreement between the parties. This addendum is an important part of the franchise agreement as it outlines the terms and conditions related to technology royalties.
Prospective franchisees should carefully review this addendum to understand their obligations and rights regarding technology usage and associated fees. Understanding the terms of the Technology Royalty Addendum is crucial for franchisees to manage their costs and ensure compliance with Epcon Communities's technology standards.