Does Corcoran assume liability for the acts or omissions of any supplier?

According to Corcoran's 2025 Franchise Disclosure Document, Corcoran does not assume liability for the actions of its approved or unapproved suppliers. This means that Corcoran franchisees are solely responsible for any issues arising from the performance, acts, or omissions of any supplier they choose to work with. This holds true whether the supplier is on Corcoran's approved list or not.

This disclaimer is important for prospective franchisees to understand. While Corcoran may provide a list of approved suppliers and negotiate certain arrangements with them, it does not guarantee their performance or assume responsibility for their mistakes. Franchisees need to conduct their own due diligence when selecting suppliers and ensure they have adequate contractual protections in place.

This type of disclaimer is fairly standard in franchise agreements. Franchisors often provide lists of approved suppliers to help franchisees maintain brand standards and potentially benefit from negotiated pricing. However, they typically avoid assuming liability for these suppliers to protect themselves from potential lawsuits or financial losses. Franchisees should carefully review supplier agreements and consider obtaining their own insurance coverage to protect against potential supplier-related issues.