For Christies International Real Estate, what should the parties rely on when deciding whether to enter into the Release?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, when deciding whether to enter into the Release, the parties agree that they have not relied upon anything other than the words of the Release itself. This means that any prior agreements, communications, or representations that were made before the Release are superseded by the terms written in the Release.

This clause ensures that the Release represents the entire agreement between Christies International Real Estate and the franchisee regarding the specific subject matter covered by the Release. It prevents either party from later claiming that they entered into the Release based on promises or understandings that are not explicitly written in the document. This is a standard provision in legal agreements to provide clarity and prevent disputes based on verbal agreements or previous drafts.

For a prospective Christies International Real Estate franchisee, this means carefully reviewing and understanding every term of the Release before signing it. They should not rely on any prior conversations or assurances from the franchisor that are not reflected in the actual text of the Release. If there are any discrepancies or concerns, they should be addressed and clarified in writing within the Release itself or in a formal amendment to the Release. This ensures that the franchisee's understanding of the agreement is aligned with the franchisor's and that both parties are bound by the same terms.