Is a Remax franchisee required to execute amendments or modifications to the Remax Franchise Agreement due to changes in governing law?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition, you agree that you will execute any amendments or modifications to this Agreement as may from time to time be required as a result of changes in governing law.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a franchisee is required to execute amendments or modifications to the Franchise Agreement if changes in governing law necessitate it. This ensures that the Remax franchise operations remain compliant with current legal standards.
This requirement means that as laws evolve, Remax franchisees must adapt their business practices and contractual agreements accordingly. This could involve changes to operational procedures, marketing strategies, or other aspects of the business to align with new legal requirements. The franchisee's willingness to adapt to these changes is crucial for maintaining the integrity and legality of the Remax franchise.
While this clause ensures compliance, it also places a responsibility on the franchisee to stay informed about relevant legal changes and to work with Remax to implement necessary modifications. Failure to comply with these required amendments could potentially lead to breaches of the franchise agreement. Therefore, prospective franchisees should be prepared to engage in ongoing adaptation to the legal landscape affecting their Remax business.