What is the definition of 'cause' for termination by Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
ime, you may list properties for sale using the Marks in the Other Area so long as they are listed from your Main Office or Additional Office. If your properties listed in the Other Area exceeds 5% of your inventory and, upon notice from us, you do not cease such listings promptly, you will be in default, and
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–47)
What This Means (2025 FDD)
I am unable to provide a specific definition of 'cause' for termination by Christie's International Real Estate, according to the 2025 Franchise Disclosure Document excerpts provided. The excerpts do mention some conditions that could lead to termination.
Specifically, if a franchisee lists properties outside of their designated area exceeding 5% of their inventory and fails to cease such listings after receiving notice from Christie's International Real Estate, it can result in default and termination of the agreement. Additionally, failure to secure an approved site for the business can also lead to termination of the agreement.
To fully understand what constitutes 'cause' for termination, a prospective Christie's International Real Estate franchisee should carefully review Item 21 of the FDD, which typically covers termination, cancellation, renewal, transfer, and dispute resolution. It would also be prudent to directly ask the franchisor for a comprehensive list and explanation of all conditions that define 'cause' for termination under the Broker Affiliate License Agreement.