What happens if a Christies International Real Estate franchisee violates Section 6 of the agreement?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree that damages alone cannot adequately compensate us if there is a violation of any covenant in this Section and that injunctive relief is essential and necessary to prevent irreparable harm and damage to us.
You therefore agree that we are entitled to injunctive relief without posting any bond or security, in addition to the remedies that may be available to us at equity or law, if you, the Principal Owners or their respective spouses or children, or the Responsible Broker violate any covenant in this Section.
The covenants stated in this Section will survive the termination or expiration of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
Based on the 2025 Christies International Real Estate Franchise Disclosure Document, if a franchisee violates any covenant within Section 13, Christies International Real Estate is entitled to injunctive relief without needing to post a bond or security. This means that Christies International Real Estate can seek a court order to stop the franchisee from continuing the violating behavior. This applies not only to the franchisee but also to the Principal Owners, their spouses or children, and the Responsible Broker associated with the franchise.
Christies International Real Estate asserts that monetary damages alone would not adequately compensate for a breach of these covenants, highlighting the importance of preventing irreparable harm to the brand. The availability of injunctive relief is in addition to any other legal or equitable remedies that Christies International Real Estate may pursue.
Furthermore, the obligations and consequences outlined in Section 13, including the right to seek injunctive relief, will remain in effect even after the termination or expiration of the Franchise Agreement. This ensures that Christies International Real Estate can continue to protect its interests and brand reputation even after the franchise relationship ends.