Which section of the Counselor Realty Franchise Agreement outlines the indemnification obligations of 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, the indemnification obligations of Counselor Realty franchisees are detailed in Section 8.3 of the Franchise Agreement. Item 16 of the Disclosure Document also pertains to indemnification. Indemnification clauses are crucial as they dictate how liabilities and losses are allocated between the franchisor and franchisee.
Specifically, the table provided in Item 11 of the FDD cross-references various obligations with their corresponding sections in the Franchise Agreement and items in the Disclosure Document. This table serves as a quick reference guide for franchisees to understand where to find information on different aspects of their obligations and responsibilities.
For a prospective Counselor Realty franchisee, understanding Section 8.3 is essential. It clarifies under what circumstances the franchisee is required to protect, defend, and hold Counselor Realty harmless from any claims, damages, or liabilities. Reviewing Item 16 of the FDD will provide further context and details regarding these obligations. It is advisable to seek legal counsel to fully comprehend the implications of the indemnification clause before signing the Franchise Agreement.