What section of the Engel & Volkers Franchise Agreement addresses the franchisee's obligations for post-termination?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligations | Section in agreement | Disclosure document item |
|---|---|---|
| v. Post-termination obligations | FA §§21 | Item 17 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 40–42)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, referencing specific sections within the Franchise Agreement. The table provided in Item 9 details various obligations and their corresponding sections in the Franchise Agreement.
Specifically, post-termination obligations for an Engel & Volkers franchisee are addressed in Section 21 of the Franchise Agreement (FA§§21). This section is further detailed in Item 17 of the disclosure document.
Prospective franchisees should carefully review both Section 21 of the Franchise Agreement and Item 17 of the FDD to fully understand their responsibilities after the franchise agreement terminates, whether by expiration, non-renewal, or termination. These obligations often include matters such as non-competition, confidentiality, and the return of proprietary materials.