Can Christies International Real Estate modify the general release language?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
The following is our current general release language that we expect to include in a release that a licensee and/or transferor may sign as part of a renewal or an approved transfer as well as on other occasions that we deem appropriate. We may, at our sole option, periodically modify the release.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, Christies International Real Estate has the right to modify the general release language periodically at its sole discretion. The release is used during renewals, approved transfers, and other occasions that Christies International Real Estate deems appropriate.
This means that the specific terms of the general release that a franchisee might be required to sign can change over time. These changes are at the discretion of Christies International Real Estate, giving them the flexibility to adapt the release terms as they see fit.
For a prospective franchisee, this indicates that the initial release language provided in the FDD might not be the same in the future. It is important to understand that Christies International Real Estate retains the right to make changes, and franchisees will need to stay informed of any updates to the release terms during their relationship with the franchisor. Franchisees in Washington should take note of the additional clause regarding claims arising under the Washington Franchise Investment Protection Act.