Does the Christies International Real Estate agreement include a waiver of punitive damages?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- **13.4.
Waiver of Bond.** If we bring suit to enforce this Agreement by injunctive relief, you agree that no bond or other security is necessary and you hereby waive any requirement that we post bond to obtain a temporary, preliminary, or permanent injunction to enforce the duties set forth in this Agreement.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
Based on the 2025 Christies International Real Estate Franchise Disclosure Document, the agreement includes a waiver of bond. Specifically, if Christies International Real Estate brings suit to enforce the agreement by injunctive relief, the franchisee agrees that no bond or other security is necessary. The franchisee waives any requirement that Christies International Real Estate post bond to obtain a temporary, preliminary, or permanent injunction to enforce the duties set forth in the agreement. The document does not specifically mention a waiver of punitive damages.