Besides the modifications in the addendum, what is the status of the License Agreement for Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
and the dispute resolution provisions contained in Section 18 of the Agreement.
- (7) Guarantor will pay all reasonable attorneys' fees and all costs and other expenses we incur in enforcing this Guaranty and Assumption of Obligations Agreement (this "Guaranty Agreement") against Guarantor or any negotiations relative to the obligations hereby guaranteed.
Each of the undersigned has signed this Guaranty Agreement as of the same day and year as the Agreement was executed.
[Signature page follows.]
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Exhibit 4 Christie's International Real Estate Broker Affiliate License Agreement
ADDITIONAL OFFICE ADDENDUM
| This Additional Office Addendum ("Addendum") is entered into on ("Effective Date") by and between ("Affiliate" or "you") and Christie's International Real Estate, LLC ("Licensor" or "us").
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, the Additional Office Addendum modifies the existing Broker Affiliate License Agreement, allowing an affiliate to open an additional office location. The original agreement remains in effect, governing the affiliate's operation of a Christies International Real Estate business under the brand's marks and system. The addendum specifically addresses the terms and conditions for opening and operating the additional office, while the Broker Affiliate License Agreement covers the broader relationship and obligations.
The Broker Affiliate License Agreement grants a non-exclusive license to operate a Christies International Real Estate business, subject to the terms outlined in the agreement, exhibits, related documents, and the Operations Manual. The affiliate's main office must be within a protected territory and approved by Christies International Real Estate. While the agreement grants rights within the protected territory, Christies International Real Estate reserves certain rights, including operating or franchising businesses outside the territory and engaging in activities associated with the brand not specifically granted to the affiliate.
The agreement also includes provisions regarding the use of Christies International Real Estate's marks, requiring affiliates to adhere to specific guidelines and protect the brand's luxury image. Affiliates must market and sell only luxury real estate and maintain an average selling price designated by Christies International Real Estate. The agreement also specifies that affiliates cannot be controlled by competitors like Sotheby's or Phillips Auctioneers.
Overall, the Broker Affiliate License Agreement provides the framework for the relationship between Christies International Real Estate and its affiliates, while the Additional Office Addendum addresses specific modifications related to opening additional office locations. Prospective franchisees should carefully review both documents to understand their rights and obligations.