When was the regional agreement between the Predecessor Region and REMAX, LLC for Connecticut automatically renewed, and until when does it last?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
The regional agreement between the Predecessor Region and REMAX, LLC, dated July 18, 1991 (for the state of Connecticut) was automatically renewed in 2011 for a period through December 2024, may be amended from time to time and is renewable for 2 additional 20-year periods beginning in December 2024 (the "Connecticut Regional Agreement"). The New England Regional Agreement and the Connecticut Regional Agreement (collectively the "Regional Agreements") authorize RE/MAX Regional to sell franchises for RE/MAX offices in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. REMAX, LLC may terminate the Regional Agreements under certain conditions, if RE/MAX Regional materially violates their terms. If the applicable Regional Agreement is terminated, cancelled, or not renewed, REMAX, LLC or its designee may, at its
option, acquire RE/MAX Regional's rights and assume its obligations under the Franchise Agreement with you.
Source: Item 13 — TRADEMARKS (FDD pages 75–79)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the regional agreement between the Predecessor Region and REMAX, LLC for Connecticut, originally dated July 18, 1991, was automatically renewed in 2011. This renewal extends the agreement through December 2024.
This agreement, referred to as the "Connecticut Regional Agreement," may be amended over time and is eligible for two additional 20-year renewal periods starting in December 2024. The Connecticut Regional Agreement, along with the New England Regional Agreement, empowers RE/MAX Regional to sell franchises for RE/MAX offices in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
It's important to note that REMAX, LLC retains the right to terminate these Regional Agreements if RE/MAX Regional violates the terms materially. Should termination, cancellation, or non-renewal occur, REMAX, LLC, at its discretion, can acquire RE/MAX Regional's rights and assume its obligations under the Franchise Agreement with the franchisee. This clause highlights a potential risk for franchisees, as their agreement could be transferred or altered under certain circumstances.