Does the Christies International Real Estate agreement contain a general release of claims?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| QUESTIONS | YES | NO | |
|---|---|---|---|
| 19 | Do you understand that the Agreement contains a number of provisions that may affect your legal rights, including required mediation, designated locations or states for any judicial proceedings, a waiver of a jury trial, a waiver of punitive or exemplary damages, limitations on when claims may be filed, and other waivers and limitations? |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–53)
What This Means (2025 FDD)
Based on the 2025 Christies International Real Estate Franchise Disclosure Document, the Affiliate Disclosure Questionnaire includes a question about whether the agreement contains provisions that may affect legal rights. Specifically, Question 19 asks prospective franchisees if they understand that "the Agreement contains a number of provisions that may affect your legal rights, including required mediation, designated locations or states for any judicial proceedings, a waiver of a jury trial, a waiver of punitive or exemplary damages, limitations on when claims may be filed, and other waivers and limitations?"
This question suggests that the Christies International Real Estate agreement does include clauses that could limit a franchisee's ability to pursue certain legal claims. These clauses may include mandatory mediation, restrictions on where lawsuits can be filed, waivers of jury trials, waivers of certain types of damages, and time limits for filing claims. Franchisees should be fully aware of these provisions and understand how they might impact their legal rights.
Prospective Christies International Real Estate franchisees should carefully review the franchise agreement with legal counsel to fully understand the implications of these provisions. It is important to assess the potential risks and benefits before entering into the agreement. Understanding these clauses is crucial for making an informed decision about investing in a Christies International Real Estate franchise.