Does the Even Hotels agreement include an exhibit related to a Dispensing Equipment Lease?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement also consists of the following:
- i. Exhibits A-1 through A-4 Program Terms and Conditions
- ii. Exhibit B Definitions
- iii. Exhibit C Standard Terms and Conditions
- iv. Exhibit D Dispensing Equipment Lease
- v. Exhibit E Additional Terms
The term "Hotels" includes all locations owned or managed by Customer within such hotels where Beverages are or can be served other than as set forth in Exhibit E, Section 2.
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- "Dispenser" means a piece of equipment that dispenses Beverages through a valve.
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- "Lease" means the terms and conditions set forth in the Dispensing Equipment Lease attached as Exhibit D.
EXHIBIT D DISPENSING EQUIPMENT LEASE
LEASE AGREEMENT AND TERM.
Company hereby leases to the PSH Owner of each Corporate Hotel (referred to as "Equipment Lessee" in this Exhibit D) all beverage dispensers provided to Equipment Lessee ("Equipment"), subject to the terms and conditions set forth in this Lease.
Unless otherwise agreed in writing, the Equipment will also include, where applicable, all permanent merchandising, menu boards, refrigeration units, ice makers and water filtration equipment installed by Company on Equipment Lessee's premises.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the franchise agreement does include an exhibit specifically addressing a Dispensing Equipment Lease. Exhibit D outlines the terms and conditions under which the Company leases beverage dispensers to the PSH Owner of each Corporate Hotel, who is referred to as the "Equipment Lessee." This lease covers all beverage dispensers provided to the Equipment Lessee.
The Dispensing Equipment Lease also extends to include permanent merchandising, menu boards, refrigeration units, ice makers, and water filtration equipment installed by the Company on the Equipment Lessee's premises, unless otherwise agreed upon in writing. This comprehensive inclusion ensures that all necessary equipment for beverage dispensing is covered under the lease agreement, providing clarity and avoiding potential disputes over what is included.
The FDD also defines "Lease" as the terms and conditions set forth in the Dispensing Equipment Lease attached as Exhibit D. This definition reinforces the importance of Exhibit D within the overall franchise agreement, highlighting that the lease terms are integral to the agreement and legally binding. Prospective franchisees should carefully review Exhibit D to fully understand their obligations and rights regarding dispensing equipment.