Does the Engel & Volkers Franchise Agreement include an appendix specifically for terms of sale and supply?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.3 Terms of Sale and Supply: The then current version of ENGEL & VÖLKERS Terms of Sale and Supply (the current version is attached as Appendix 2 to this Agreement) shall apply to the sale of all goods and services supplied by Franchisor or its affiliates to Franchisee. Franchisor and its affiliates reserve the right to revise or modify the Terms of Sale and Supply and/or to have separate Terms of Sale and Supply for Franchisor or any of its affiliates.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the Franchise Agreement does include an appendix that specifically addresses the terms of sale and supply. As stated in Item 22, section 8.3, the Engel & Volkers Terms of Sale and Supply are attached as Appendix 2 to the agreement.
This means that the terms governing the sale of goods and services from Engel & Volkers or its affiliates to the franchisee are clearly defined in a separate appendix. Engel & Volkers retains the right to revise or modify these terms and may have different terms for the franchisor or its affiliates.
Prospective franchisees should carefully review Appendix 2 to understand their obligations and the franchisor's rights regarding the sale and supply of goods and services. This includes understanding the conditions under which Engel & Volkers might modify these terms, as this could impact the franchisee's operational costs and supply chain.