What happens if an Engel & Volkers franchisee's license or governmental authorization is revoked?

According to Engel & Volkers' 2025 Franchise Disclosure Document, the revocation or termination of any license or governmental authorization necessary for the operation of the franchised business constitutes a default under the franchise agreement.

Specifically, Engel & Volkers has the right to terminate the franchise agreement immediately if any required license or governmental authorization is revoked. However, Engel & Volkers typically provides a 30-day period for the franchisee to cure other defaults. This cure period does not apply in the case of a revoked license or governmental authorization, allowing for immediate termination by Engel & Volkers.

This policy underscores the critical importance of maintaining all necessary licenses and permits to operate an Engel & Volkers franchise. Failure to do so can result in the immediate loss of the franchise, highlighting a significant risk for franchisees who do not diligently comply with regulatory requirements.