factual

For Christies International Real Estate, what does the Release supersede regarding the subject matter?

Christies_International_Real_Estate Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 2.6. This Release constitutes the entire, full, and complete agreement between the parties concerning the subject matter hereof, and supersedes all prior agreements and communications concerning the subject matter hereof. No other representations have induced the parties to execute this Release. The parties agree that they have not relied upon anything other than the words of this Release in deciding whether to enter into this Release.

Source: Item 23 — RECEIPT (FDD pages 54–177)

What This Means (2025 FDD)

According to the 2025 FDD, the Release constitutes the entire agreement between the parties concerning its subject matter. It supersedes all prior agreements and communications regarding that subject matter. Christies International Real Estate states 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 a standard integration clause in legal agreements. It aims to ensure that the written document is the final and complete expression of the parties' agreement. This means that any previous discussions, promises, or documents that are not included in the Release are not part of the agreement and cannot be used to interpret or change its terms.

For a prospective Christies International Real Estate franchisee, this means it is crucial to carefully review and understand the Release before signing it. Any terms or conditions that the franchisee wants to be part of the agreement must be included in the Release itself. Franchisees should not rely on any verbal promises or previous drafts that are not reflected in the final, executed Release.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.