factual

For Better Homes And Gardens Real Estate, what is the effect of executing the agreement in counterparts?

Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDD

Answer from 2025 FDD Document

EACH PERSON SIGNING THIS AGREEMENT REPRESENTS AND WARRANTS THAT HE OR SHE IS AUTHORIZED TO BIND THE RESPECTIVE PARTY TO THIS AGREEMENT. THIS AGREEMENT IS NOT BINDING OR ENFORCEABLE UNTIL WE SIGN IT.

Source: Item 22 — CONTRACTS (FDD page 76)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the Better Homes And Gardens Real Estate franchise agreement is not binding or enforceable until the franchisor, Better Homes and Gardens Real Estate LLC, signs it. The franchisee's signature indicates their intent to be bound by the agreement's terms, but the franchisor's signature is the final step that makes the agreement legally effective.

This requirement ensures that Better Homes And Gardens Real Estate has the final say in accepting a franchisee into their system. It protects the franchisor by allowing them to review the agreement and the franchisee's qualifications thoroughly before committing to the franchise relationship. This is a fairly standard practice in franchising, as the franchisor needs to ensure that the franchisee meets their criteria and that all terms are acceptable before the agreement becomes binding.

For a prospective Better Homes And Gardens Real Estate franchisee, this means that even after signing the franchise agreement, they are not officially a franchisee until Better Homes And Gardens Real Estate LLC also signs the document. The franchisee should confirm that the franchisor has signed the agreement to ensure it is in effect and to avoid any potential misunderstandings or disputes later on. The franchisee should also retain a copy of the fully executed agreement for their records.

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.