For Christies International Real Estate, what is the significance of the 'Business'?

According to the 2025 Christies International Real Estate FDD, the term 'Business' refers to the specific Christies International Real Estate business that the franchisee owns and operates under the Broker Affiliate License Agreement. This definition is crucial as it delineates the scope of the franchisee's rights and obligations within the Christies International Real Estate network.

The FDD emphasizes that the franchisee's operation of the 'Business' is subject to several key conditions. The physical location of the Main Office must be within the Protected Territory and receive prior written approval from Christies International Real Estate. The franchisee must also commence operations within 120 days of the Effective Date of the agreement. Furthermore, the franchisee is required to install all outdoor and indoor signs with the Business name utilizing the Marks within 90 days of the Effective Date.

Christies International Real Estate retains specific rights that impact the franchisee's 'Business'. They can operate or license similar businesses outside the Protected Territory and engage in activities associated with the Christies International Real Estate Marks not expressly prohibited in the agreement. The franchisee's rights to operate the 'Business' are also subject to limitations outlined in the Operations Manual, which may include territorial policies that Christies International Real Estate can modify. Understanding the definition and associated conditions of the 'Business' is essential for prospective franchisees to grasp the full extent of their operational rights and the franchisor's retained rights.