factual

Where can I find the definition of 'Expiration Date' for the Embassy Suites By Hilton franchise agreement?

Embassy_Suites_By_Hilton Franchise · 2025 FDD

Answer from 2025 FDD Document

"Term" means the period from the Effective Date through the expiration of this Agreement on the date set forth in the Addendum, unless terminated earlier under the terms of this Agreement. The Term for the operation of your eforea spa shall expire on the earlier of: (i) the termination of the eforea spa Amendment to this Agreement or (ii) the expiration or termination of this Agreement.

Source: Item 22 — CONTRACTS (FDD page 97)

What This Means (2025 FDD)

According to the 2025 Embassy Suites By Hilton Franchise Disclosure Document, the term "Term" is defined in Section 1 of the Eforea Spa Amendment to the Franchise Agreement. The "Term" refers to the period from the Effective Date through the expiration of the agreement, with the specific date set forth in the Addendum, unless the agreement is terminated earlier according to its terms. For franchisees who operate an eforea spa, the term for the spa operation will end on the earlier of the termination of the Eforea Spa Amendment or the expiration/termination of the overall Franchise Agreement.

This definition is important for prospective franchisees as it clarifies the duration of their franchise agreement and any specific amendments related to additional services like spas. Knowing the "Term" helps franchisees understand their rights and obligations over a specific time frame. It also highlights that the term for additional services, such as the eforea spa, can be tied to the main franchise agreement or the specific amendment covering that service.

Understanding the term and expiration date is crucial for financial planning, potential renewal negotiations, and overall business strategy. Franchisees should pay close attention to the Addendum, where the specific expiration date is detailed, and be aware of any conditions that could lead to early termination, as these factors directly impact the length of time they can operate under the Embassy Suites By Hilton brand and utilize its resources.

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.