Which sections of the Engel & Volkers Franchise Agreement detail the franchisee's obligations concerning non-competition covenants?

According to Engel & Volkers's 2025 Franchise Disclosure Document, a franchisee's obligations regarding non-competition covenants are detailed in Section 16 of the Franchise Agreement. This information is outlined in Item 9, which generally discusses the franchisee's obligations under the franchise and other agreements. The table provided in Item 9 helps prospective franchisees locate more detailed information about their obligations both within the agreements and in other sections of the disclosure document.

Specifically, the table in Item 9 lists 'Non-competition covenants' and indicates that the relevant section in the Franchise Agreement is 'FA §§16'. The corresponding item in the disclosure document is 'Item 17'. This means that franchisees can find the specific terms and conditions related to non-competition within Section 16 of the Franchise Agreement itself, while Item 17 of the FDD provides additional context or disclosure related to these covenants.

For a prospective Engel & Volkers franchisee, this means carefully reviewing Section 16 of the Franchise Agreement to understand the scope and limitations of the non-competition covenants. These covenants typically restrict a franchisee's ability to engage in similar businesses during the term of the franchise agreement and for a certain period after termination or expiration. Understanding these restrictions is crucial for planning future business activities and ensuring compliance with the franchise agreement.