For Christies International Real Estate, what happens to prior agreements when the Release is executed?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, the Release constitutes the entire agreement between the parties regarding its subject matter. It supersedes all prior agreements and communications concerning that subject matter. This means that once the Release is executed, any previous agreements or discussions related to the same issues are no longer valid or enforceable.

Christies International Real Estate emphasizes that no other representations have induced the parties to execute the Release, and the parties agree that they have not relied upon anything other than the words of the Release in deciding whether to enter into it. This clause is designed to prevent future disputes based on claims that one party was misled or relied on promises not contained in the Release itself.

Furthermore, the Christies International Real Estate FDD states that no amendment, change, or variance from the Release will be binding unless it is in writing and agreed to by all parties involved. This requirement ensures that any modifications to the Release must be formally documented and agreed upon to be effective, preventing informal or verbal changes from being enforced. This is a standard clause in legal agreements to ensure clarity and prevent misunderstandings.