What term is used to refer to all independent Christies International Real Estate licensees or businesses?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
All independent CHRISTIE'S INTERNATIONAL REAL ESTATE licensees, or independent CHRISTIE'S INTERNATIONAL REAL ESTATE businesses, are referred to as "Affiliates." For the purposes of this Disclosure Document, and in particular this Exhibit F, these Affiliates are referred to as "franchisees" or "franchised outlets".
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, all independent Christies International Real Estate licensees or businesses are referred to as "Affiliates." The document further clarifies that for the purposes of the FDD, particularly in Exhibit F, these Affiliates are also referred to as "franchisees" or "franchised outlets".
This distinction is important for prospective franchisees as it clarifies the terminology used throughout the document. While "Affiliates" is the general term, "franchisees" may be used interchangeably within the FDD, especially in specific exhibits. Understanding this can prevent confusion when reviewing the legal and operational aspects of the franchise agreement.
It is crucial for potential franchisees to pay close attention to how these terms are used in different sections of the FDD to fully grasp their rights, responsibilities, and the overall structure of the Christies International Real Estate franchise network. This understanding will aid in making informed decisions about investing in a Christies International Real Estate franchise.