What is an Epcon Communities franchisee obligated to do upon termination of the franchise?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
rtain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this disclosure document.**
Franchise Agreement
| Provision | Section of Sublicense Agree ment | Summary |
|---|---|---|
| i. Franchisee’s obligations on termination/non-renewal | Section 5 | Cease use and, if applicable, return to us, the Marks, Epcon Communities Works, Development System or systems or parts of the Development System; |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 55–69)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, the obligations of a franchisee upon termination or non-renewal vary depending on the specific agreement. Under the Sublicense Agreement, the franchisee must cease using and, if applicable, return the Marks, Epcon Communities Works, Development System or systems or parts of the Development System to Epcon Communities. Additionally, the franchisee is required to cancel the recording of the Sublicense Agreement in all governmental records.
Furthermore, under the Non-Disclosure and On-Line Information Access Agreement, the franchisee is obligated to cease use of the Epcon Communities Intranet upon termination or non-renewal. These obligations are outlined in Section 14 of the respective agreements.
It is important for prospective Epcon Communities franchisees to carefully review the specific terms of each agreement, as the obligations upon termination can vary. Understanding these requirements is crucial for planning and managing the business effectively, as well as ensuring a smooth transition upon the conclusion of the franchise relationship. Franchisees should consult with legal counsel to fully understand their responsibilities and potential liabilities upon termination.