What is the relationship between the Counselor Realty Franchise Disclosure Document and the Franchise Agreement?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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22. CONTRACTS
A sample of Counselor's Franchise Agreement is included in this Franchise Disclosure Document at Exhibit B. You are encouraged to obtain such independent legal and financial advice as you deem appropriate to obtain a full understanding of the franchise (and related documents) offered by this Franchise Disclosure Document. You should consult your own business or legal advisor for an explanation of your legal rights under applicable laws and regulations. You may not make any payment to Counselor or sign any contract(s) relating to this franchise until fourteen (14) calendar days after you sign the Acknowledgements of Receipt at the back of this Franchise Disclosure Document. You should also refrain from taking any other action or making any commitments in regard to a Counselor franchise until and unless you are notified in writing by Counselor that your application for a franchise has been approved and that an Counselor franchise has been issued in your name.
CAUTION
ANY FACT, INFORMATION, PROMISE, ASSURANCE, REPRESENTATION OR CIRCUMSTANCE COMMUNICATED TO YOU THAT IS NOT CONTAINED IN THE ATTACHED AGREEMENT OR THIS FRANCHISE DISCLOSURE DOCUMENT IS UNAUTHORIZED BY COUNSELOR AND SHOULD NOT BE RELIED UPON BY YOU IN DECIDING WHETHER TO PURCHASE A COUNSELOR FRANCHISE.
EXHIBIT B
FRANCHISE AGREEMENT
COUNSELOR FRANCHISE AGREEMENT
| FRANCHISEE BUSINESS NAME: | |
|---|---|
| OFFICE ADDRESS: | |
| OFFICE OPENING DATE: |
TABLE OF CONTENTS
| Page | ||||||
|---|---|---|---|---|---|---|
| 1. | FRAI | NCHISE | 1 | |||
| 1.1 | Grant | 1 | ||||
| 1.2 | Site Selection | 2 | ||||
| 1.3 | Territory | 2 | ||||
| 2. | ACC | EPTANCE OF FRANCHISE | 3 | |||
| 2.1 | Acceptance | 3 | ||||
| 2.2 | Acknowledgments | 3 | ||||
| 3. | TERI | M | 4 | |||
| 3.1 | Term | 4 | ||||
| 3.2 | Successor Franchise | 4 | ||||
| 4. | TRAI | TRADEMARK STANDARDS | ||||
| 4.1 | Name | 4 | ||||
| 4.2 | Usage | 4 | ||||
| 4.3 | Franchisor Profits | 4 | ||||
| 5. | FEES | |||||
| 5.1 | Initial Franchise Fee | 5 | ||||
| 5.2 | Base Monthly Fee | 5 | ||||
| 5.3 | Continuing Agent Fees | 5 | ||||
| 5.4 | Advertising Fees | 5 | ||||
| 5.5 | Website Fees | |||||
| 5.6 | Mobile App Fees | 6 | ||||
| 5.7 | Interest and Insufficient Funds | 6 | ||||
| 6. |
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the FDD summarizes certain provisions of the Franchise Agreement and provides other information in plain language. The FDD includes a sample of Counselor Realty's Franchise Agreement as Exhibit B. The document emphasizes the importance of carefully reading both the Franchise Disclosure Document and all related agreements.
The FDD stipulates that Counselor Realty must provide the Franchise Disclosure Document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise. This waiting period allows franchisees to thoroughly review the documents and seek professional advice. The FDD also cautions that any information, promises, or representations not contained within the Franchise Disclosure Document or the Franchise Agreement are unauthorized and should not be relied upon.
Furthermore, the Franchise Agreement includes an acknowledgment that the franchisee received the Franchise Disclosure Document at least 14 calendar days before signing the agreement. The Franchise Agreement also states that Counselor Realty does not authorize any information, promise, or representation to be communicated to the franchisee concerning the offer of the franchise that is not contained in Counselor Realty's Franchise Disclosure Document or the Franchise Agreement, reinforcing the primacy of these documents in defining the franchise relationship. Certain states, like Wisconsin, may have addenda that supersede any Franchise Agreement provisions inconsistent with state laws.