For Christies International Real Estate, what agreement must all Principal Owners sign?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, if a franchisee chooses to renew their agreement, both the franchisee and each Principal Owner must sign a general release. This release, in a form acceptable to Christies International Real Estate, covers all claims against Christies International Real Estate, its affiliates, officers, directors, employees, and agents.

This requirement is part of the renewal process, ensuring that upon renewing the franchise agreement, Christies International Real Estate is protected from any past or present claims that the franchisee or its Principal Owners might have. This is a fairly standard practice in franchising, as it provides legal closure and a fresh start for the renewed term.

For a prospective Christies International Real Estate franchisee, this means that before renewing the franchise agreement, they and their Principal Owners will need to carefully consider any potential claims they might have against the franchisor. Signing the release would waive their rights to pursue those claims. It is advisable for franchisees to seek legal counsel to fully understand the implications of signing such a release.