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What specific articles of the Epcon Communities Franchise Agreement relate to 'Completion of Project(s)'?

Q: What specific articles of the Epcon Communities Franchise Agreement relate to 'Completion of Project(s)'?

- c. If the undersigned has a limited investment or other ownership interest in the Project (as defined in the Franchise Agreement), the undersigned agrees that he or she has read and shall be personally bound by all of the recitations, obligations, and covenants of Franchisee contained in Sections 5.2, 5.6, and 5.7 of Article 5 of the Franchise Agreement, entitled "Franchisee's Obligations", Article 10 of the Franchise Agreement, entitled "Confidentiality; Non-Disclosure; Proprietary Information", and Section 11.2.2 of the Franchise Agreement, entitled "Completion of Project(s)". Source: Item 23 — RECEIPTS (FDD pages 86–280)

Epcon_Communities Franchise · 2025 FDD

Answer from 2025 FDD Document

If the undersigned has a limited investment or other ownership interest in the Project (as defined in the Franchise Agreement), the undersigned agrees that he or she has read and shall be personally bound by all of the recitations, obligations, and covenants of Franchisee contained in Sections 5.2, 5.6, and 5.7 of Article 5 of the Franchise Agreement, entitled "Franchisee's Obligations", Article 10 of the Franchise Agreement, entitled "Confidentiality; Non-Disclosure; Proprietary Information", and Section 11.2.2 of the Franchise Agreement, entitled "Completion of Project(s)".

Source: Item 23 — RECEIPTS (FDD pages 86–280)

What This Means (2025 FDD)

According to the 2025 Epcon Communities Franchise Disclosure Document, Article 11 of the Franchise Agreement, entitled "Completion of Project(s)" pertains to the completion of projects. Additionally, Section 11.2.2 of Article 11 is specifically titled "Completion of Project(s)".

Furthermore, the document states that as an inducement for Epcon Communities Franchising, LLC to enter into a Franchise Agreement, the undersigned agrees to be personally bound by the obligations and covenants of the franchisee contained in Article 11 ("Completion of Project(s)"). This signifies the importance Epcon Communities places on franchisees fulfilling their project commitments and the legal weight associated with this aspect of the agreement.

Also, the Franchise Agreement states that a Sublicensee's agreement remains in effect until the earlier of (a) the date of the sale of the last unit of Sublicensee's Epcon Communities project (b) the date that is one year after the completion of construction (as defined by Section 11.1 of the Franchise Agreement) of the last unit of Sublicensee's Epcon Communities project or (c) the date of the termination of the Franchise Agreement. This shows the importance of project completion to the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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