Is a map of the protected territory required to be included in the Exit franchise agreement?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | The following information is deemed a part of the EXIT Realty Corp. Franchise Agreement between Subfranchisor and the party identified below dated [date from page 1 of franchise agreement], 20 | |
|---|---|---|
| 2. | The name of this territory is | |
| 3. | The grid population for this territory type grid (Rural/low/medium or high density. Please indicate) | is making this a |
| 4. | The minimum office space requirement shall be: | |
| a) | ||
| Rural density – | ||
| 750 | ||
| square feet | ||
| b) | ||
| Low density – | ||
| 1,000 square feet | ||
| c) | ||
| Medium density – | ||
| 1,500 square feet | ||
| d) | ||
| High density – | ||
| 2,000 square feet | ||
| 5. | The geographical boundaries of the Territory are as indicated on the map attached to this page. The | |
| Territory is further described as follows: | ||
| [COMPLETE | DESCRIPTION | |
| THE | IN | |
| GEOGRAPHICAL | DETAIL | |
| INCLUDE A MAP OF THE PROTECTED TERRITORY] | AND |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the franchise agreement includes a map of the protected territory. The agreement specifies that the geographical boundaries of the territory are indicated on a map attached to the agreement. This map visually represents the area in which the franchisee will typically have certain exclusive rights, as long as they are not in breach of the agreement.
Specifically, the document mentions that the territory's boundaries are detailed on the attached map. This provides a clear understanding of the franchisee's operating area. The agreement also includes a written description of the territory to supplement the map.
Having a clearly defined territory is crucial for franchisees as it outlines their primary area of operation and potential exclusivity. However, Exit franchisees are not prohibited from listing and selling property or representing clients outside the Protected Territory. Other Exit franchisees may also list and sell property or represent clients domiciled in the Protected Territory.