factual

Does a waiver or amendment of another Engel & Volkers franchise agreement affect this specific agreement?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

This Agreement together with the Franchise Agreement constitutes the entire agreement and understanding among the parties hereto with respect to the disclosure of Confidential Information to Recipient and Recipient's non-competition obligations,

Source: Item 22 — CONTRACTS (FDD page 88)

What This Means (2025 FDD)

Based on the 2025 Engel & Volkers Franchise Disclosure Document, the franchise agreement in question, along with any state-specific amendments, constitutes the entire agreement between the franchisor and the franchisee. This implies that modifications or waivers in other Engel & Volkers franchise agreements do not directly impact the terms and conditions of this specific agreement. Each franchise agreement operates independently, subject to its own terms and any applicable state laws.

Engel & Volkers includes state-specific amendments to their franchise agreements to comply with local regulations, such as those in North Dakota, California, Virginia, Illinois, and Maryland. These amendments address specific legal requirements within those states and modify certain sections of the standard franchise agreement to ensure compliance. For example, the North Dakota amendment addresses the enforceability of non-compete covenants, while the Illinois amendment concerns jurisdiction, venue, and franchisee rights upon termination.

This approach is typical in franchising, where agreements must often be tailored to state laws. The presence of these state-specific amendments underscores the importance of franchisees understanding the specific legal landscape in their operating territory. While the core Engel & Volkers franchise agreement provides a general framework, the amendments ensure that franchisees' rights and obligations are aligned with local legal requirements. Therefore, franchisees should carefully review both the standard agreement and any state-specific amendments to fully understand their contractual obligations and rights.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.