Under what condition is the Remax Franchise Agreement considered binding?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
THE SUBMISSION OF THIS AGREEMENT TO YOU DOES NOT CONSTITUTE AN OFFER AND THIS AGREEMENT SHALL NOT BE BINDING ON US UNLESS AND UNTIL IT IS ACCEPTED BY US, THAT IS, SIGNED BY OUR AUTHORIZED OFFICER AND RETURNED TO YOU.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, the franchise agreement is not binding upon submission to the franchisee. The agreement only becomes binding once it is accepted by Remax.
For a Remax franchise agreement to be considered accepted, an authorized officer of Remax must sign the agreement and return it to the franchisee. This requirement ensures that Remax has officially agreed to the terms and conditions outlined in the document.
This condition protects both the franchisee and Remax by ensuring there is a clear point at which both parties are legally obligated to the agreement. Prospective franchisees should be aware that until they receive a signed copy from Remax, the agreement is not in effect, and either party can withdraw without penalty.