Where in the Counselor Realty franchise agreement is the franchisee's review of the agreement discussed?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.7 Review. This Agreement is not effective until fully executed by both parties and we issue notice of approval to you. You acknowledge that we have recommended and that you have had an opportunity to review this Agreement, our Franchise Disclosure Document and other relevant information before entering into this Agreement with legal counsel or a professional business advisor of your choosing.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, section 13.7 of the franchise agreement covers the franchisee's review of the agreement. This section states that the agreement is not effective until it is fully executed by both parties and Counselor Realty issues a notice of approval.
Specifically, Counselor Realty acknowledges that they have recommended that the franchisee has the opportunity to review the agreement, the Franchise Disclosure Document, and other relevant information with legal counsel or a professional business advisor before entering into the agreement.
This clause emphasizes the importance of due diligence and seeking professional advice before committing to the franchise agreement. It also protects Counselor Realty by confirming that the franchisee had the opportunity to seek independent counsel and is entering the agreement with informed consent.