Which Disclosure Document item covers indemnification for Counselor Realty franchisees?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
NT.
| Obligation | Section in Franchise Agreement | Disclosure Document Item |
|---|---|---|
| a. |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 17–21)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, Item 16 covers indemnification. The table provided in Item 11 cross-references various obligations with their corresponding sections in the Franchise Agreement and relevant Disclosure Document Items. Specifically, the table indicates that the 'Indemnification' obligation is detailed in Section 8.3 of the Franchise Agreement and is disclosed in Item 16 of the Franchise Disclosure Document.
This means that prospective Counselor Realty franchisees can find information regarding their rights and responsibilities related to indemnification within Item 16 of the FDD. Indemnification clauses typically outline situations where the franchisee may be required to protect Counselor Realty from losses, damages, or liabilities arising from the franchisee's business operations.
Understanding the indemnification terms is crucial for potential franchisees as it clarifies the extent to which they may be held responsible for legal or financial claims against Counselor Realty. Reviewing Item 16 carefully will help franchisees assess their potential risks and obligations under the franchise agreement.