factual

What release must the transferor provide to Christies International Real Estate?

Q: What release must the transferor provide to Christies International Real Estate?

2. Release. Affiliate and all of Affiliate 's guarantors, members, employees, agents, successors, assigns and affiliates fully and finally release and forever discharge Licensor, its past and present agents, employees, officers, directors, members, licensees, franchisees, successors, assigns and affiliates (collectively "Released Parties") from any and all claims, actions, causes of action, contractual rights, demands, damages, costs, loss of services, expenses and compensation which Affiliate could assert against Released Parties or any of them up through and including the date of this Release. THIS IS A SPECIFIC RELEASE GIVING UP ALL RIGHTS WITH RESPECT TO THE TRANSACTIONS OR OCCURRENCES Source: Item 23 — RECEIPT (FDD pages 54–177)

Christies_International_Real_Estate Franchise · 2025 FDD

Answer from 2025 FDD Document

Release. Affiliate and all of Affiliate 's guarantors, members, employees, agents, successors, assigns and affiliates fully and finally release and forever discharge Licensor, its past and present agents, employees, officers, directors, members, licensees, franchisees, successors, assigns and affiliates (collectively "Released Parties") from any and all claims, actions, causes of action, contractual rights, demands, damages, costs, loss of services, expenses and compensation which Affiliate could assert against Released Parties or any of them up through and including the date of this Release. THIS IS A SPECIFIC RELEASE GIVING UP ALL RIGHTS WITH RESPECT TO THE TRANSACTIONS OR OCCURRENCES

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

What This Means (2025 FDD)

According to the 2025 Christies International Real Estate FDD, in the context of approving an additional office location, the Affiliate (which would be the transferor in this case) and all of its guarantors, members, employees, agents, successors, assigns, and affiliates must provide a release to Christies International Real Estate, LLC (the Licensor). This release covers any and all claims, actions, causes of action, contractual rights, demands, damages, costs, loss of services, expenses, and compensation that the Affiliate could assert against the Released Parties up to and including the date of the release.

This release essentially means that the Affiliate gives up all rights to make any claims against Christies International Real Estate and related parties for any issues or events that have occurred up to the date the release is executed. This is a comprehensive waiver of legal rights, intended to protect Christies International Real Estate from potential liabilities related to the Affiliate's operations.

Prospective franchisees should carefully review the terms of this release with legal counsel to fully understand the scope of the rights they are waiving. The FDD highlights that this is a specific release, emphasizing the importance of understanding its implications before signing.

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.

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