factual

After termination of the Baymont Inn Suites franchise agreement, how long do I have to pay all amounts owed to Baymont Inn Suites?

Baymont_Inn_Suites Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 13.2 Other Duties. You will pay all amounts owed to us under this Agreement and any related ancillary agreements with us or our affiliates pertaining to the Facility within 10 days after Termination.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

What This Means (2025 FDD)

According to Baymont Inn Suites's 2025 Franchise Disclosure Document, if the franchise agreement is terminated, a franchisee is required to pay all outstanding amounts owed to Baymont Inn Suites, including any related ancillary agreements with Baymont Inn Suites or its affiliates pertaining to the facility, within 10 days after the termination date.

This means that upon termination, a franchisee has a very short window to settle all financial obligations with the franchisor. This could include unpaid franchise fees, marketing contributions, or any other outstanding debts. Failing to meet this deadline could result in further penalties or legal action from Baymont Inn Suites.

Prospective franchisees should be aware of this strict payment timeline and ensure they have a plan in place to address any potential outstanding balances in the event of termination. It would be prudent to maintain detailed financial records and regularly reconcile accounts with Baymont Inn Suites to avoid any surprises or disputes regarding the amounts owed upon termination.

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.