CENTURY 21@ REAL, ESTATE FIFUlVCElX3E AGREEMENT
This Agreement is made by and between CENTURY 2 1 Real Estate Corporation, a Delaware
corporation and a licensed real estate broker, with principal oflices in the State of
(hereinafter u&d "Franchiser"), and Reedom, In& a Florida corporation
"Franchisee"). Franchise 8 9 z+3
RECITALS
A. Franchiser, a Delaware Corporation has the exclusive right to use and
tradenames, trademarks and service marks, including the name "CENTURY 21," which have
registered on the Principal Register in the United States Patent and Trademark Office,
appropriate state agencies in the United States, and with governmental agencies of
(which marks, together with certain other trademarks and service marks which are not
which are pending registration, are hereinafter collectively called "CENTURY 21 Marks");
B. Franchiser has developed a system for the promotion and assistance of
owned and operated real estate brokerage offices, including policies, procedures and
designed to enable such offices to compete more effectively in the real estate sales
system is hereinafter called the "CENTURY 2 1 System"). The CENTURY 2 1 System includes, but is
not limited to, common use and promotion of certain CENTURY 21 Marks, copyrights, trade
centralized advertising programs, recruiting programs, referral programs and sales and
training programs. Franchiser has from time to time revised and updated the CENTURY 21
and plans to continue to do so as required in its best judgment;
C. Franchisee desires to obtain a franchise to operate a real estate btokemge
terms and conditions herein&et set forth;
TERMS OF AGREEMENT
l
NOW, THEREFORE, in consideration of the foregoing premises, and for other good
valuable consideration, the delivery, receipt and sufficiency of which are hereby
further, in accordance with and pursuant to all terms, conditions, covenants, agreements,
representations and warranties contained hereh the parties hereby mutually agree as follows:
1. GRANT OF F-fbWtXDSE
Franchiser hereby grants to Franchisee, and Franchisee hereby accepts, the non-excIusive
to use the CEINTURY 21 System and certain CENTURY 21 Marks, as they are set forth in the
CITNTURY 21 Policy and Procedure Manual (hereinafter called the "P&P Manual"), as it may be
revised and/or supplemented from time to time by Franc&or, for the operation of a licensed
brokerage office upon the terms and conditions set forth in this Agreement (hereinafter call+
"Franchise"). The grant of this Franchise shall not be construed as granting Franchisee any
purchase any additional franchises corn Franchiser, or any right or priority as to the
additional franchise which may be granted by Franchiser. LfFranchisor subsequently grants
any tichise said grant shall be on such terms as Franchiser shall establish.
SNIPPETS:
This Agreement is made by and between CENTURY 2 1 Real Estate Corporation, a Delaware
Franchiser, a Delaware Corporation has the exclusive right to use and sublicense certain
Franchiser has developed a system for the promotion and assistance of independently owned and
The CENTURY 2 1 System includes, but is not limited to, common use and promotion of certain
Franchiser hereby grants to Franchisee, and Franchisee hereby accepts, the non-excIusive
The term of this Agreement is set forth in Paragraph 2 hereof, and as is provided herein,
Ln every visual display in which the CENTURY 21 modern building logo is used the portion of
Marks as Franchisee may be authorized to use from time to time, exclusively for the purpose
Franchiser also will establish procedures for referrals between Franchisee and other CFNTURY
Notwithstanding the foregoing, Franchiser will make no such contributions to the National
The written notice will also provide that said service or product may be utilized by
f?om: all transactions involving the purchase, sale, lease, rental, hypothecation, license,
ervices, or organizing: promoting, selling, managing or otherwise servicing any kind of real estate
curities, partnership interests, interests in real estate and other forms of property); all
Said policies of insurance shall insure Franchisee against any liability which may arise in
Franchisee shall cause certificates of insurance of all such policies and endorsements,
Franchiser in granting this Franchise, and it is the stated intent of Franchisee, that this
Calculation of the CIB by Fmnchisor shall be made pursuant to the provisions of the Table
Index level as of November, 1990, to November of each year thereafter and the yield to
Franchise& initial minimum and maximum monthly contribution amount limitations currently are
Franchisee shall timely pay said NAF contributions such that they are received by Franchiser
Franchiser will spend not more than meen percent of contributions to the NAF to engage in
countries.
exclusive right to use and sublicense the CENTURY 21 Marks, and that the CENTWRY 21 system
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