What does the Engel & Volkers Integrated Product Suite consist of?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.1 Franchisee's Rights: Franchisor hereby grants Franchisee a non-exclusive and nontransferable right to use the Integrated Product Suite during the Term.
The Integrated Product Suite license granted hereunder includes the right to use the Integrated Product Suite and may, from time to time, include the right to use certain associated instructions and other documentation which may be made available to Franchisee in written, electronic or other forms (collectively, the "Licensed Materials").
7.2 Integrated Product Suite: The Integrated Product Suite, will consist of web-based or other technology and other tools to be employed by Franchisee in the operation of its Residential Real Estate Brokerage and may consist of tools such as brokerage and Sales Advisor websites, customer relationship management tools, and email service through domain names such as evrealestate.com, and such other tools as may be directed, devised or determined by Franchisor from time to time and may be amended from time to time in Franchisor's discretion as further set forth in Section 7.7.
7.3 Authorized Users. The only authorized users of the Integrated Product Suite and Licensed Materials besides Franchisee shall be staff members or Sales Advisors of Franchisee who have been trained in the ENGEL & VÖLKERS' training program or trained by a qualified staff member of Franchisee (collectively, the "Licensed Users").
No other persons may have access to the Integrated Product Suite and the Licensed Materials without the prior written consent of Franchisor.
- 7.4 Ownership of Integrated Product Suite and Licensed Materials. Franchisee acknowledges that the Integrated Product Suite and Licensed Materials include valuable trade secrets and copyrighted materials of Franchisor or its licensors, which information is being disclosed to Franchisee and the Licensed Users solely pursuant to the confidential relationship established under this Agreement.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the Integrated Product Suite consists of web-based technology and other tools that Engel & Volkers franchisees will use to operate their Residential Real Estate Brokerage. These tools may include brokerage and Sales Advisor websites, customer relationship management tools, and email service through domain names such as evrealestate.com. The franchisor may also direct, devise, or determine other tools to be included in the Integrated Product Suite, and these may be amended at the franchisor's discretion.
Engel & Volkers grants franchisees a non-exclusive and nontransferable right to use the Integrated Product Suite during the term of the franchise agreement. This license includes the right to use the Integrated Product Suite and may also include the right to use certain associated instructions and other documentation, which may be made available to the franchisee in written, electronic, or other forms, collectively known as the Licensed Materials. Only authorized users, such as staff members or Sales Advisors of the franchisee who have been trained in the Engel & Volkers' training program or trained by a qualified staff member of the franchisee, can access the Integrated Product Suite and Licensed Materials.
Engel & Volkers retains ownership of the Integrated Product Suite and Licensed Materials, which include valuable trade secrets and copyrighted materials. The franchisor has the right to add or delete any or all tools, web-based and other technology and software that make up the Integrated Product Suite or any part thereof, and to amend and modify such tools, technology and software as well as the terms for their usage. Franchisees are responsible for adopting any changes or modifications to the Integrated Product Suite and abiding by the reasonable modified or new standards established by the franchisor at their sole cost.