What is the Christies International Real Estate franchisee acknowledging about understanding the provisions of the agreement?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
1.2.3 Except for the limitations described in this Section, you acknowledge and agree that you do not have any right to exclude, control or impose conditions on our development of future licensed, franchised, company or affiliate-owned CHRISTIE'S INTERNATIONAL REAL ESTATE businesses, or other company owned businesses at any time or at any location.
**1.3.
Rights Reserved to Us.** We reserve (for ourselves and our affiliates) reserve all rights to engage in all activities associated with CHRISTIES INTERNATIONAL REAL ESTATE Marks, and all rights to engage in any business, licensing, franchising, or other activities associated with other brands, marks, and real estate brokerage systems, anywhere in the world, not specifically granted to you under this Agreement or expressly prohibited under this Agreement, or expressly prohibited from us engaging in under this Agreement.
Without limiting the preceding sentence, we (for ourselves and our affiliates) specifically
reserve the right, from any location at any time, without any compensation to you or any other Affiliate and regardless of whether it competes with the Business, the following rights:
(a) To own and operate, and grant licenses or franchises to others to own and operate, CHRISTIE'S INTERNATIONAL REAL ESTATE offices outside of the Protected Territory;
(b) To own and operate, and grant licenses or franchises to others to own and operate, any business of any kind (other than an office located within your Protected Territory selling the same services as a CHRISTIE'S INTERNATIONAL REAL ESTATE businesses) under the Marks at any locations within or outside of your Protected Territory, including by electronic means such as the Internet, applications, by websites we may establish, catalog sales, telemarketing, or other direct marketing sales;
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, franchisees acknowledge and agree that the franchisor has rights to engage in activities associated with the Christies International Real Estate marks and other businesses not specifically granted to the franchisee in the agreement. This means Christies International Real Estate retains broad control over its brand and other ventures.
Christies International Real Estate reserves the right to operate and franchise Christies International Real Estate offices outside the franchisee's protected territory. They can also operate or franchise any other kind of business under the Christies International Real Estate marks, even within the franchisee's territory, through channels like the internet or direct marketing. This highlights that the franchisee's rights are limited to the specific territory and type of business explicitly granted in the agreement.
This clause emphasizes that the franchisee's rights are narrowly defined, and Christies International Real Estate retains significant freedom to operate and expand its businesses, even if they compete with the franchisee. A prospective franchisee should carefully consider these limitations and understand that their protected territory does not guarantee exclusive rights to the Christies International Real Estate brand or related businesses in that area.