In the Engel & Volkers Franchise Agreement, what is Engel & Völkers Americas, Inc. referred to as?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
between
ENGEL & VÖLKERS AMERICAS, INC.
- the "Franchisor"
and
xxx
- the "Franchisee".
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to the 2025 Engel & Volkers Franchise Disclosure Document, Engel & Völkers Americas, Inc. is referred to as the "Franchisor" within the franchise agreement. This designation is crucial as it establishes Engel & Völkers Americas, Inc. as the entity granting the franchise to operate a residential real estate brokerage under the Engel & Volkers system.
As the Franchisor, Engel & Volkers Americas, Inc. offers the franchise and is responsible for upholding the obligations outlined in the franchise agreement. This includes providing the franchisee with the right to use the Engel & Volkers System, which encompasses trademarks, know-how, brokerage design, and system documentation. The agreement specifies that the franchisee must look solely to Engel & Volkers Americas, Inc. for the performance of any obligations under the agreement.
This clear designation of Engel & Volkers Americas, Inc. as the Franchisor is important for prospective franchisees. It clarifies who they are contracting with and who is responsible for providing support and upholding the terms of the franchise agreement. It also emphasizes that while the franchisee may interact with other entities within the Engel & Volkers Group, the franchise agreement is specifically between the franchisee and Engel & Volkers Americas, Inc.