What agreement is detailed in Exhibit B for Even Hotels?

According to Even Hotels's 2025 Franchise Disclosure Document, Exhibit B contains the Even Hotels License Agreement, Guaranty of License Agreement, and State Addenda. This is a crucial document for prospective franchisees as it outlines the core terms and conditions of the franchise relationship.

The Even Hotels License Agreement details the rights and responsibilities of both the franchisor and the franchisee. It covers aspects such as the term of the agreement, the scope of the license granted, fees and payments, operating standards, and termination conditions. The Guaranty of License Agreement is likely a document where a third party, such as a principal owner or investor, guarantees the franchisee's obligations under the License Agreement. This provides additional security to Even Hotels that the franchisee will meet its financial and operational commitments.

The State Addenda addresses any specific legal requirements or modifications to the standard License Agreement that are necessary to comply with the laws of the state in which the franchise is located. Franchise laws often vary by state, so these addenda are essential to ensure the franchise agreement is enforceable and compliant with local regulations. Prospective franchisees should carefully review all three components of Exhibit B to fully understand their obligations and the franchisor's expectations.