What is the significance of the 'dated' field in the context of the Embassy Suites By Hilton franchise agreement?
Embassy_Suites_By_Hilton Franchise · 2025 FDDAnswer from 2025 FDD Document
HILTON FRANCHISE HOLDING LLC, a Delaware limited liability company [IF NEEDED:, successor bymerger to SELECT DOUBLETREE FRANCHISE LLC, a Delaware limited liability company, EMBASSY SUITES FRANCHISE LLC, a Delaware limited liability company, HILTON FRANCHISE LLC, a Delaware limited liability company, HAMPTON INNS FRANCHISE LLC, a Delaware limited liability company, HILTON GARDEN INNS FRANCHISE LLC, a Delaware limited liability company, HOMEWOOD SUITES FRANCHISE, LLC, a Delaware limited liability company, HLT ESP FRANCHISE LLC, a Delaware limited liability company OR SELECT HLT EXISTING FRANCHISE HOLDING LLC, a Delaware limited liability company, successor in interest to SELECT [DT] Doubletree Hotel Systems, Inc. [ES, HAM, HWS] Promus Hotels, Inc. [HFS, HGI, CON, WA] Hilton Inns, Inc.] SELECT FOR CANADA: HILTON WORLDWIDE FRANCHISING LP, a limited partnership formed under the laws of England and Wales ] ("Franchisor") and
Source: Item 23 — RECEIPTS (FDD pages 97–304)
What This Means (2025 FDD)
According to the 2025 Embassy Suites By Hilton Franchise Disclosure Document, the 'dated' field in the context of the franchise agreement signifies the effective date of the agreement between Hilton Franchise Holding LLC (or its affiliates) and the franchisee. This date is crucial as it establishes the commencement of the franchise relationship and sets the timeline for the rights, responsibilities, and obligations outlined in the agreement. The date appears in the context of a letter agreement involving a lender, the franchisor, and the franchisee, indicating the lender's awareness and acceptance of the franchise terms.
The inclusion of the date ensures clarity and legal certainty regarding when the franchise agreement comes into force. It is essential for determining various milestones and deadlines within the franchise term, such as renewal options, performance reviews, and termination clauses. The date also serves as a reference point for any amendments, riders, or supplemental agreements that may modify the original terms of the franchise agreement.
For a prospective Embassy Suites By Hilton franchisee, understanding the 'dated' field is vital because it marks the beginning of their contractual obligations and rights under the franchise agreement. It is the point from which all subsequent actions and obligations are measured. The franchisee should carefully review this date and ensure it aligns with their understanding of when the franchise operations are expected to commence. Any discrepancies or uncertainties regarding this date should be clarified with the franchisor before finalizing the agreement.