On what date in 2025 did the guarantor sign the guarantee for Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| The Guarantor signed this guarantee at day of, 2025. | Chicago, Illinois | on th | e 28 |
|---|---|---|---|
| Guarantor: CIRE Management, LLC | |||
| Ву: | |||
| Name: Michael Golden |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the guarantee was signed on the 28th day of an unspecified month in 2025. The guarantor, CIRE Management, LLC, signed the guarantee in Chicago, Illinois. Michael Golden is listed as the signatory.
The guarantee ensures that CIRE Management, LLC will assume the duties and obligations of Christie's International Real Estate, LLC under its franchise registration in each state where the franchise is registered. This also applies to the license agreement identified in the 2025 Franchise Disclosure Document, including any amendments, modifications, or extensions to that license agreement with licensees.
The guarantee remains in effect until all obligations of Christie's International Real Estate under its franchise registrations and the license agreement are satisfied, or until the liability of the Franchisor to its licensees under the license agreement have been completely discharged, whichever occurs first. The guarantor is not discharged from liability if a claim by a licensee against the Franchisor remains outstanding. Notice of acceptance is waived, but the Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Prospective franchisees should note the importance of this guarantee, as it provides an additional layer of security. It ensures that even if Christie's International Real Estate, LLC faces difficulties, CIRE Management, LLC is obligated to fulfill the franchisor's duties and obligations. Franchisees should review the full guarantee document to understand the scope and limitations of this protection.