Where can I find the current form of the guaranty agreement for Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- Exhibit 3 Guarantee, Indemnification, and Acknowledgment- Deleted
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 41–43)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, the guaranty agreement was previously included as Exhibit 3 but has been deleted. Item 5 of the FDD mentions that certain individuals are required to sign a guarantee.
Prospective Christies International Real Estate franchisees should request a current copy of the guaranty agreement from the franchisor to understand the obligations and liabilities they will be undertaking. It is important to review this document carefully with a legal professional to fully understand the implications of providing a personal guarantee for the franchise agreement.
Understanding the guarantor's responsibilities is crucial, as the guarantor will be personally liable for the franchisee's obligations under the Broker Affiliate License Agreement. This includes financial obligations and adherence to all terms and conditions outlined in the agreement. Therefore, a thorough review of the current form of the guaranty agreement is essential before making a final investment decision.