factual

Does the Note for Americas Best Value Inn set forth all of Holder's rights?

Americas_Best_Value_Inn Franchise · 2025 FDD

Answer from 2025 FDD Document

This Note is not intended to be exhaustive in nature, nor is it intended to set forth all of Holder's rights.

It does not modify, replace, or affect any other rights, default or termination notices under the Agreement, or any other agreement with Holder regarding Maker's Hotel.

Holder does not waive any of its legal or equitable rights (including the right to specify additional defaults) or remedies.

Source: Item 22 — CONTRACTS (FDD page 71)

What This Means (2025 FDD)

According to the 2025 Americas Best Value Inn Franchise Disclosure Document, the Note is not intended to be exhaustive in nature, nor does it set forth all of the Holder's rights. It also specifies that the Note does not modify, replace, or affect any other rights, default or termination notices under the Franchise Agreement, or any other agreement with Holder regarding Maker's Hotel. The Holder retains all legal and equitable rights and remedies.

This means that as a franchisee, your rights and obligations are governed by multiple documents, not just the Note. You must understand the interplay between the Note, the Franchise Agreement, and any other agreements you may have with Americas Best Value Inn. It is important to recognize that Americas Best Value Inn retains various rights and remedies beyond what is explicitly stated in the Note.

This clause protects Americas Best Value Inn by ensuring they can enforce rights and remedies even if they are not specifically mentioned in the Note. As a prospective franchisee, you should carefully review all agreements and seek legal counsel to fully understand your obligations and the franchisor's rights. This will help you avoid potential disputes or misunderstandings during the franchise term.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.