For Christies International Real Estate franchisees in Minnesota, what claims are excluded from the release in Section 1?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
[Note for Washington Release – add the following to Section 1, at the end of the first sentence: "excluding only such claims arising under the Washington Franchise Investment Protection Act."]
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, there is no specific information provided regarding exclusions to the release in Section 1 for franchisees in Minnesota. However, there is a note for Washington State that states claims arising under the Washington Franchise Investment Protection Act are excluded from Section 1. The FDD does not specify any similar state-specific exclusions for Minnesota or any other state besides Washington.
As a prospective franchisee, it's important to understand exactly what claims are being released. The release likely covers various disputes or liabilities that could arise between the franchisee and franchisor. Without a clear understanding of the exclusions, a franchisee could inadvertently waive important rights or claims.
Therefore, a potential Christies International Real Estate franchisee in Minnesota should seek clarification from the franchisor regarding any specific exclusions or limitations to the release in Section 1 that may apply to them, given that the FDD only mentions a specific exclusion for Washington State.