When does the initial term of the Crowne Plaza agreement commence?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
6. Term of Agreement.
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- The term of this Agreement shall commence as of January 1, 2024 , and shall continue for an initial term of twelve (12) months, provided that this Agreement is not earlier terminated as more particularly described below ("Initial Term").
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- After the Initial Term, this Agreement shall automatically renew for additional one-year Terms, although either party may terminate this Agreement without cause (a) during a renewal Term, upon 90 days prior written notice to the other party, or (b) upon notice of non-renewal of at least 30 days prior to the end of a Term. If client terminates, client's agreement may continue and may continue to be billed for services for longer than 90 days if client is not meeting the Revenue Management Certification Standard and/or any other applicable IHG Brand Standard in an alternate, approved way.
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza FDD, the term of the agreement with SCH (presumably a service provider) commences on January 1, 2024, and continues for an initial term of twelve months. This is provided that the agreement is not terminated earlier as described in the document.
Following the initial term, the agreement automatically renews for additional one-year terms. Either party has the option to terminate the agreement without cause during a renewal term, provided they give 90 days prior written notice to the other party. Alternatively, either party can provide notice of non-renewal at least 30 days before the end of a term.
It's important to note that if a Crowne Plaza client terminates the agreement, billing for services may continue for longer than 90 days if the client is not meeting the Revenue Management Certification Standard or any other applicable IHG Brand Standard, unless an alternative, approved arrangement is in place.