What is the dependency for Christies International Real Estate to grant a non-exclusive license?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.1. Grant. Subject to the provisions contained in this Agreement, including all exhibits and related documents, and Operations Manual, we grant you a non-exclusive license to own and operate a CHRISTIE'S INTERNATIONAL REAL ESTATE business (the "Business"). The physical address of your Business ("Main Office") must be located within the Protected Territory and approved by us in writing before you can begin to operate your Business. Your Main Office and the Protected Territory are identified in Exhibit 1 to this Agreement. You may not relocate your Main Office without our prior written consent, as described in Section 5.2 of this Agreement.
- 1.2 Nature of the Protected Territory. Except as described below, and except as modified by Exhibit 1 (if applicable), neither we nor our affiliates will establish and operate, or grant licenses or franchises to others to establish and operate a CHRISTIE'S INTERNATIONAL REAL ESTATE business within the Protected Territory during the term of this Agreement, so long as you are in compliance with this Agreement. The license granted to you under this Agreement is personal in nature and shall only be used from the Main Office and any Additional Office authorized by us. Notwithstanding the preceding sentence, and subject to the terms of this Agreement, you shall have the right to offer and sell real estate brokerage services identified by the Marks through any other channels of distribution, including the Internet but excluding the metaverse. We reserve, maintain, and control all rights with respect to said metaverse. As used herein, "metaverse" means any 3D virtual space powered by technologies – including virtual reality, augmented reality, artificial intelligence, the Internet of Things, and blockchain – that allows people to interact with each other and to have lifelike experiences online. The rights granted under this Agreement are subject to the limitations set forth in the Operations Manual or as we otherwise periodically prescribe, which may include certain territorial policies that we establish or modify from time to time. You may not establish or operate any CHRISTIE'S INTERNATIONAL REAL ESTATE office outside the Protected Territory, unless we permit you to do so under a separate broker Affiliate license agreement. You may not subfranchise or sublicense any of your rights under this Agreement.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the granting of a non-exclusive license to operate a Christies International Real Estate business is subject to several provisions. These provisions are detailed within the franchise agreement, including all exhibits, related documents, and the Operations Manual. The physical location of the franchisee's main office must be within a protected territory and receive written approval from Christies International Real Estate before business operations can commence. The specific location and protected territory are outlined in Exhibit 1 of the agreement.
The franchisee must remain in compliance with the franchise agreement to maintain the non-exclusive license. The license is personal and restricted to use from the main office and any additional authorized offices. Franchisees have the right to offer and sell real estate brokerage services identified by the Christies International Real Estate marks through various channels, including the Internet, but excluding the metaverse, which Christies International Real Estate retains all rights to.
Christies International Real Estate reserves the right to modify the terms of the license, including territorial policies, as outlined in the Operations Manual. Franchisees are prohibited from establishing offices outside their protected territory without a separate broker affiliate license agreement and cannot subfranchise or sublicense their rights. These stipulations ensure that Christies International Real Estate maintains control over its brand and network while providing franchisees with a defined operational scope.