Which section of the Engel & Volkers Franchise Agreement outlines the franchisee's indemnification obligations?

According to Engel & Volkers's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, including indemnification. The table within Item 9 provides a summary of these obligations and references the corresponding sections in the Franchise Agreement (FA). Indemnification, which refers to the franchisee's responsibility to protect Engel & Volkers from losses or liabilities arising from the franchisee's business operations, is detailed in FA §§17.

This means that as an Engel & Volkers franchisee, you are contractually obligated to understand and comply with the indemnification terms specified in Section 17 of the Franchise Agreement. These terms likely cover situations where the franchisee's actions or omissions lead to legal claims, damages, or other liabilities for which Engel & Volkers could be held responsible. It is crucial to carefully review this section with legal counsel to fully grasp the scope of your indemnification obligations and potential financial risks.

Franchise agreements commonly include indemnification clauses to protect the franchisor from liabilities caused by the franchisee's operation of the business. The specific terms can vary significantly, so prospective Engel & Volkers franchisees should pay close attention to what events trigger indemnification, the types of losses covered, and any limitations on liability. Understanding these obligations is an essential part of assessing the overall risk and reward of investing in an Engel & Volkers franchise.