Regarding the Crowne Plaza Guaranty, is using electronic means to conduct the transaction a condition of executing the Guaranty?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
This Guaranty may, at IHG's option, be executed via electronic signature. In such event, Guarantor acknowledges that conducting this transaction using electronic means is optional and is not a condition to executing this Guaranty. By electronically signing this paragraph, Guarantor agrees to conduct this transaction using electronic means, which includes the transmittal of electronic communications and the execution of the agreement using an electronic signature. Guarantor further agrees that the parties' electronic signatures are valid and create a binding and enforceable agreement. If Guarantor does not agree to conduct the transaction electronically and does not agree to execute the agreement using an electronic signature, Guarantor must promptly notify IHG and IHG will provide Guarantor with a nonelectronic Guaranty.
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza Franchise Disclosure Document, using electronic means to conduct the transaction is optional and not a condition of executing the Guaranty. If IHG (Holiday Hospitality Franchising, LLC) opts for electronic signatures, the guarantor acknowledges that this method is not mandatory.
By electronically signing the acknowledgement, the guarantor agrees to conduct the transaction using electronic methods, including electronic communications and signatures. The guarantor also agrees that these electronic signatures are valid and create a binding agreement.
However, if the guarantor does not agree to conduct the transaction electronically or use an electronic signature, they must promptly notify IHG. In such cases, IHG will provide the guarantor with a non-electronic Guaranty, allowing for a traditional, paper-based execution of the agreement.