Must an Engel & Volkers franchisee comply with all provisions of the Franchise Agreement to be eligible for renewal?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of the franchise | §19.1 | 10 years |
| term | ||
| b. Renewal or extension of | §§19.2, 19.3 | 1 period of 10 years |
| the term | ||
| c. Requirements for franchisee to renew or extend | §§19.2, 19.3 | Serve written notice on us at least 6 mopnths before expiration of current term, comply with all provisions of Franchise Agreement and other agreements with us, sign the then current form of Franchise Agreement, sign a general release and pay a renewal fee. You may be asked to sign a contract with materially different terms and conditions than your original contract. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 63–71)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, a franchisee must comply with all provisions of the Franchise Agreement to be eligible for renewal. Specifically, to renew the franchise for an additional term of 10 years, the franchisee must serve written notice to Engel & Volkers at least 6 months before the expiration of the current term.
In addition to providing written notice, the franchisee must also comply with all provisions of the Franchise Agreement and any other agreements they have with Engel & Volkers. The franchisee is also required to sign the then-current form of the Franchise Agreement, which may contain materially different terms and conditions than the original contract.
Finally, the franchisee must sign a general release and pay a renewal fee to finalize the renewal process. This ensures that Engel & Volkers franchisees are up-to-date with the brand's standards and practices and that both parties are in agreement moving forward.