What is the term length of the new Epcon Communities Franchise Agreement that the transferee franchisee must execute?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
- (f) The transferee franchisee shall execute the then-current standard form of Epcon Communities Franchise Agreement and other ancillary agreements as Franchisor may require for the business franchised hereunder for a term ending as provided in Section 3.1 of this Agreement; and
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, a transferee franchisee is required to execute the then-current standard form of the Epcon Communities Franchise Agreement. The term of this agreement will end as specified in Section 3.1 of the Franchise Agreement.
Section 3.1 states that the term of the Franchise Agreement commences on the date of execution by Epcon Communities and continues until the termination of the agreement as specified in Article 13. Prospective franchisees should carefully review Article 13 to understand the conditions under which the agreement can be terminated.
This means that if you are considering purchasing an existing Epcon Communities franchise, you will need to sign a new franchise agreement, and the length of that agreement will be determined by the standard terms in place at that time, potentially differing from the original franchisee's agreement. It is important to review the full Franchise Agreement to understand the rights and obligations of both parties during the term.