Does Engel & Volkers reserve the right to have separate Terms of Sale and Supply for itself or any of its affiliates?
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, Engel & Volkers and its affiliates reserve the right to revise or modify the Terms of Sale and Supply. They also reserve the right to have separate Terms of Sale and Supply for Engel & Volkers or any of its affiliates.
For a prospective franchisee, this means that the terms under which they purchase goods and services from Engel & Volkers or its affiliates can change over time. It also means that different affiliates of Engel & Volkers may have different terms of sale and supply.
This is a fairly standard practice in franchising, as it allows the franchisor to adapt to changing market conditions and to tailor the terms of sale and supply to the specific needs of different franchisees or affiliates. However, it also means that franchisees need to carefully review the Terms of Sale and Supply each time they are revised or modified to ensure that they are still acceptable.