What happens to all rights of the Exit franchisee under the agreement upon termination?

According to Exit's 2025 Franchise Disclosure Document, if the Franchise Agreement is terminated or not renewed, all rights of the franchisee under the agreement will terminate. The franchisee must immediately stop using or duplicating any distinguishing characteristics of the Exit system. This includes trade names, trademarks, service marks, copyrights, designs, slogans, logos, names, advertising copy, or other printed or physical materials associated with the system.

In addition to ceasing use of the Exit system's intellectual property, the franchisee must also take several other actions. They must change their local telephone numbers so that the numbers listed for the franchised real estate office are assigned to the subfranchisor. The franchisee is also required to execute documents to assign all Exit-related domain names, websites, webpages, and email addresses to the subfranchisor or their designee. For three years following termination or non-renewal, the franchisee must keep the subfranchisor informed of their current business and residence address and telephone numbers, as well as the business address and phone number of their employer, if any.

Furthermore, Exit affiliates are allowed to solicit the franchisee's sales representatives for transfer to other operating Exit offices, both during the ten days before termination and after it takes effect. The franchisee is obligated to assist in these transfers and facilitate the assignment of the sales representatives' listings and pending transactions to the new Exit affiliate. Finally, the franchisee must not use the term "Exit" or any confusingly similar term in any subsequent business, to avoid creating confusion about their affiliation with the Exit system.