What is the name of the Trademark License Agreement that Christies International Real Estate operates under?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
Christie, Manson & Woods, Limited, our former affiliate, owns the trademarks set forth above ("IP Owner"), which are our principal Marks. IP Owner licenses these Marks to At World Properties, LLC (our "Parent," as described in Item 1) pursuant to a Trademark License Agreement dated November 16, 2020 (the "Trademark License Agreement"). The term of the Trademark License Agreement is 50 years, with two 25-year renewal options. The Trademark License Agreement provides us the exclusive right to use these Marks in connection with the marketing, sale or lease of luxury real estate and in connection with this licensing program. IP Owner may terminate the Trademark License Agreement if we breach and fail to cure or reasonably mitigate a material term of the agreement within 60 days; if we or IP Owner experiences a bankruptcy event; if certain of our interests or assets are acquired by a competitor; if we cease offering products or services using the Marks for a period of 6 months; if we cease to conduct our business; if we are otherwise liquidated or dissolved; if there is a material breach by us of the Right of First Offer agreement that was executed on the same date as the Trademark License Agreement; if we fail to meet certain performance metrics pertaining to number of offices and fees paid to IP Owner; or if IP Owner, the Marks, or the goodwill associated therewith are materially tarnished, damaged or diminished and that tarnishment, damage or diminishment, which was not caused by a breach of the Trademark License Agreement, damages our business, etc., as further described in the Trademark License Agreement. If the Trademark License Agreement is terminated or expires, you could lose the right to use the trademarks licensed to us under the Trademark License Agreement, subject to the discussion in the following paragraph.
Source: Item 13 — TRADEMARKS (FDD pages 38–40)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, the Trademark License Agreement is dated November 16, 2020. The agreement is between Christie, Manson & Woods, Limited (IP Owner) and At World Properties, LLC (Christies International Real Estate's Parent).
The Trademark License Agreement grants Christies International Real Estate the exclusive right to use the trademarks in connection with the marketing, sale, or lease of luxury real estate and in connection with its licensing program. The term of this agreement is 50 years, with two 25-year renewal options.
Christies International Real Estate's ability to use these trademarks is contingent upon maintaining the Trademark License Agreement. If Christies International Real Estate breaches the agreement, experiences a bankruptcy event, is acquired by a competitor, ceases offering products/services using the marks for 6 months, ceases to conduct business, is liquidated/dissolved, materially breaches the Right of First Offer agreement, fails to meet certain performance metrics, or if the marks are tarnished, the IP Owner may terminate the agreement. If the Trademark License Agreement is terminated or expires, franchisees could lose the right to use the trademarks.