Are the rights of the Holder under the Remax promissory note cumulative with other agreements?

According to Remax's 2025 Franchise Disclosure Document, the rights of the Holder (RE/MAX Integrated Regions, LLC) under the terms of the promissory note are cumulative and in addition to any other agreements between the Borrower and the Holder. This means that Remax's rights under the promissory note are not in place of, or a reduction of, any other rights they hold under any other agreements with the franchisee. This provision ensures that Remax retains all rights and remedies available to them across all agreements.

For a prospective Remax franchisee, this clause implies that signing the promissory note does not limit or replace any obligations or rights established in other agreements, such as the franchise agreement itself. Remax can exercise its rights under the promissory note independently of, and in addition to, its rights under other agreements. This could be significant if a franchisee defaults on the promissory note while also violating other terms of the franchise agreement.

This cumulative rights clause is a standard legal protection for franchisors. It prevents franchisees from arguing that the promissory note somehow supersedes or diminishes the franchisor's rights under other contracts. Franchisees should carefully review all agreements to understand the full scope of their obligations and the franchisor's rights. Franchisees should seek legal counsel to fully understand the implications of this clause and how it interacts with other agreements they may have with Remax.