Does a Christies International Real Estate franchisee assign their rights to Allowances to the franchisor?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- **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)
Based on the 2025 Christies International Real Estate Franchise Disclosure Document, the franchisee does not assign rights to allowances to the franchisor. Instead, Christies International Real Estate reserves specific rights for itself and its affiliates, allowing them to engage in activities associated with the CHRISTIES INTERNATIONAL REAL ESTATE Marks and other business ventures, without providing compensation to the franchisee.
Christies International Real Estate retains the right to operate and franchise businesses outside the franchisee's protected territory. They can also operate any type of business, except for a competing Christies International Real Estate office within the franchisee's protected territory, under the Marks, including through online channels. This reservation of rights allows Christies International Real Estate to pursue various business opportunities without being restricted by the individual franchise agreements.
Christies International Real Estate can also engage in activities such as merging with or acquiring other businesses, selling products under the Marks through different distribution channels, and advertising the System anywhere, including online. These rights are maintained by Christies International Real Estate to ensure flexibility and growth of the brand, and franchisees have no explicit right to compensation from these activities.