Under what conditions can either party terminate the agreement with cause related to a breach of representation, warranty, covenant, or obligation for Remax?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
- 10.2 Termination with Cause. Either Party may terminate this Agreement in the event the other party breaches any representation, warranty, covenant, or obligation (if such breach is capable of being cured), and such breach is not cured within thirty (30) days of written notice thereof from the non-breaching party.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, either party has the right to terminate the agreement if the other party breaches any representation, warranty, covenant, or obligation. However, this termination is conditional.
Specifically, the breaching party must be given written notice of the breach and a period of thirty (30) days to cure the breach. If the breach is capable of being cured and the breaching party fails to do so within the 30-day period after receiving written notice, then the non-breaching party can terminate the agreement with cause.
This clause provides a standard protection for both Remax and its franchisees. It ensures that minor or unintentional breaches do not automatically lead to termination, offering an opportunity to rectify the situation. However, it also sets a clear timeline and expectation for addressing and resolving breaches, which is a common practice in franchising agreements.