Under what conditions can Remax unilaterally waive or reduce an obligation or restriction of the other party under the Franchise Agreement?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| IINAT | HTS AND OBLIGATIONS OF REMAX REGIONAL AND FRANCHISE OWNER ION OR EXPIRATION OF THE FRANCHISE OR ABANDONMENT OF THE OFFI | CE OR | |
|---|---|---|---|
| ION OR EXPIRATION OF THE REGIONAL FRANCHISE AGREEMENT BET | |||
| REMA | AX RE | GIONAL AND REMAX, LLC | |
| A. | PAYMENT OF AMOUNTS OWED TO REMAX REGIONAL AND REMAX, LLC | ||
| В. | DE-IDENTIFICATION | ||
| C. | CONFIDENTIAL INFORMATION. | ||
| D. | CONTINUING OBLIGATIONS. | ||
| E. | MONETARY OBLIGATIONS NOT RELEASED. | ||
| F. | TERMINATION NOT EXCLUSIVE REMEDY. | ||
| G. | RIGHT TO MEET WITH SALES ASSOCIATES. | 51 | |
| H. | DAMAGES. | ||
| I. | FUTURE BUSINESS AND RESIDENCE ADDRESSES | 51 | |
| J. | POST TERMINATION NON-COMPETITION AGREEMENT. | 51 | |
| K. | ERRORS AND OMISSIONS INSURANCE | 52 | |
| L. | TERMINATION OF REGIONAL FRANCHISE AGREEMENT BETWEEN REMAX REG | IONAL | |
| AND REMAX, LLC | |||
| 15. | CON | STRUCTION OF AGREEMENT AND ENFORCEMENT | 53 |
| 10. | A. | INVALID PROVISIONS; SUBSTITUTION OF VALID PROVISIONS | 53 |
| В. | UNILATERAL WAIVER OF OBLIGATIONS. | 53 |
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
Based on the 2025 Remax Franchise Disclosure Document, the circumstances under which Remax can unilaterally waive obligations of the franchisee are not explicitly detailed in the provided excerpts. While there is a section in the FDD that refers to the possibility of a unilateral waiver of obligations, the specific conditions are not described.
Item 15B in the table mentions "Unilateral Waiver of Obligations," but the document does not elaborate on the scenarios or conditions under which Remax might choose to waive a franchisee's obligations. The table of contents indicates that this topic is discussed on page 53, but that page is not included in the provided excerpts.
A prospective Remax franchisee should ask the franchisor for a comprehensive explanation of when and why Remax might unilaterally waive a franchisee's obligations or restrictions under the Franchise Agreement. Understanding these conditions is crucial for assessing the flexibility and potential risks associated with the franchise agreement.