Under the Atwell Suites Participation Agreement, which section addresses invoicing and payment?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Participation Agreement is entered into as of this day of 202 (the | |
|---|---|
| "Participation Effective Date"), by and between (the "Hotel") | |
| and Supplier ("Supplier") (each, a "Party" and collectively, the "Parties"), and is entered into pursuant to | |
| and governed by the terms and conditions of the Master Services Agreement entered into by and between | |
| Six Continents Hotels, Inc. ("IHG") and Supplier dated, 202_ (the "Agreement"). The | |
| capitalized terms used in this Participation Agreement without definition shall have the meanings ascribed | |
| to them in the Agreement. | |
| PARTICIPATION | |
| AGREEMENT | |
| TERM | |
| PROVISION | |
| OF | |
| SERVICES | |
| INVOICING | |
| AND | |
| PAYMENT | |
| Section | |
| 3 | |
| Charges |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to the 2025 FDD, Section 3 of the Participation Agreement between the Hotel and Supplier addresses invoicing and payment for Atwell Suites. This agreement is governed by the terms and conditions of the Master Services Agreement between Six Continents Hotels, Inc. (IHG) and the Supplier. The capitalized terms used in the Participation Agreement without definition will have the meanings ascribed to them in the Agreement.
This means that as an Atwell Suites franchisee, your hotel will enter into a Participation Agreement with a Supplier for certain services. Section 3 of this agreement will specifically outline the terms related to how you will be invoiced and how payments are to be made for those services. It is important to understand the Master Services Agreement between IHG and the Supplier, as the terms defined there will also apply to your Participation Agreement.
Prospective franchisees should carefully review Section 3 of any Participation Agreement they enter into to fully understand their payment obligations, including due dates, acceptable payment methods, and any potential late fees or other charges. Additionally, they should familiarize themselves with the Master Services Agreement between IHG and the Supplier to understand the definitions of capitalized terms used in the Participation Agreement.