What happens to other covenants in the Christies International Real Estate agreement after termination?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
You acknowledge and agree that following termination or expiration of this Agreement, you will comply with any continuing obligation to cooperate with us on or relating to any litigation, acquisition, or intellectual property rights.
(b) Remove any and all CHRISTIE'S INTERNATIONAL REAL ESTATE Marks or any abbreviation, acronym or variation of the Marks, or any other name that could be deemed confusingly similar from all of your social media accounts, names, and handles.
(c) Pay to us all amounts owing to us and our affiliates.
(d) Cancel all fictitious names, Trade Names or other listings which you have filed for use of any of the Marks.
(e) Abide by any other covenant in this Agreement that requires performance by you after you are no longer an Affiliate.
(f) Make all filings with the relevant court or government (federal, state, local, foreign or provincial), or any political subdivision thereof, including any department, commission, agency or other regulatory, administrative or governmental body or instrumentality, and take all other actions necessary or desirable to change the corporate name, trade name, assumed (or d/b/a) name and any other similar corporate identifier to any name and identifier that does not constitute or include any Mark, or variation or composite thereof (if any);
(g) Irrevocably assign to IP Owner, or a designee, as we designate at the instruction of IP Owner, all Internet domain names that consist in part of, or incorporate, any of the Marks (if any); and
(h) Execute, from time to time, any necessary papers, documents, and assurances to effectuate the intent of this Section 11.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, several obligations and covenants remain in effect even after the termination or expiration of the Franchise Agreement.
Specifically, franchisees must continue to cooperate with Christies International Real Estate regarding any ongoing litigation, acquisitions, or intellectual property rights matters. Franchisees are also required to remove all Christies International Real Estate Marks from their social media accounts, names, and handles, ensuring no further use of the brand's identity. Moreover, all outstanding payments owed to Christies International Real Estate and its affiliates must be settled. Franchisees must also cancel any fictitious names or trade names associated with the Marks.
Additionally, franchisees are obligated to adhere to any covenant within the agreement that necessitates performance even after they cease to be an affiliate. This includes making necessary filings with relevant courts or governmental bodies to change corporate names or identifiers to ones that do not include any Christies International Real Estate Marks. Franchisees must also irrevocably assign any internet domain names that incorporate the Marks to IP Owner or a designated party. Finally, franchisees are required to execute any necessary documents to fulfill the intent of these post-termination obligations.