Where in the Counselor Realty Franchise Agreement can I find the acknowledgments section?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
2. ACCEPTANCE OF FRANCHISE.
2.1 Acceptance.
- (a) You represent that you fully and truthfully completed our franchise application to the best of your knowledge, and that your execution of this Agreement and any related or supporting documents will not violate the terms or conditions of any other agreement to which Franchisee or Franchisee's owner(s) is a party, or any provision of Franchisee's articles of incorporation or bylaws, operating agreement or partnership agreement (where applicable).
- (b) You agree to open the Office within the time required under Section 1.2 of this Agreement (subject to extension in Counselor's sole discretion) and to operate it in accordance with the System and this Agreement. You agree to cooperate with us and our affiliates on all transactions in which you are involved and to pay commissions in accordance with contractual splits and rates and in accordance with industry norms.
2.2 Acknowledgments. This Agreement is subject to the following conditions:
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the acknowledgments section can be found in Section 2.2 of the Franchise Agreement. This section outlines several conditions and acknowledgments that the franchisee agrees to when entering into the agreement.
Specifically, Section 2.2 states that the agreement is subject to conditions such as the franchisee offering only authorized services and using only approved marks. It also emphasizes that the Counselor Realty marks are the exclusive property of the franchisor, and the franchisee only has a limited license to use them. The franchisee acknowledges that Counselor Realty may change the system and marks, and the franchisee must adapt to these changes at their own cost.
Furthermore, the franchisee cannot sublicense or transfer any rights granted by the agreement, except as outlined in Article 9. The franchisee also acknowledges that Counselor Realty and its affiliates may engage in various business activities, including real estate brokerage. Finally, the franchisee recognizes that the Counselor Realty system was developed at considerable expense and that its operation is dependent on the franchisor's assistance. The franchisee agrees not to misuse the system, as this could cause irreparable harm to Counselor Realty and other franchisees.