Does the termination of a Remax franchise agreement preclude Remax from pursuing other remedies?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
Termination of this Agreement by us shall not be an exclusive remedy and shall not in any way affect our rights, or the rights of REMAX, LLC, to receive or collect fees, dues or other amounts required to have been paid by you under this Agreement, to enforce the provisions of this Agreement against you or to sue for damages or to pursue any other legal or equitable remedy for a breach of this Agreement by you.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, the termination of the franchise agreement by Remax does not prevent them from pursuing other remedies. Remax retains the right to collect any outstanding fees, dues, or other amounts owed by the franchisee under the agreement.
Specifically, Remax can enforce the provisions of the agreement and pursue legal action for damages resulting from a breach of the agreement by the franchisee. This includes the pursuit of any other legal or equitable remedy available to them.
This provision ensures that Remax is not limited to only terminating the agreement in the event of a franchisee's default and can also seek financial compensation or other forms of relief to address any harm caused by the franchisee's actions. This is a common practice in franchising, allowing franchisors to protect their brand and system standards while also recovering losses incurred due to franchisee non-compliance.