factual

How can the Amendment to the Even Hotels License Agreement in Rhode Island be executed?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. This Amendment may be executed in counterparts, which together shall constitute one and the same instrument. Signatures via Conga Sign, DocuSign, .PDF file, facsimile, or other electronic format have the same force and effect as originals.

Source: Item 23 — RECEIPTS (FDD pages 99–438)

What This Means (2025 FDD)

According to Even Hotels' 2025 Franchise Disclosure Document, the Amendment to the Holiday Hospitality Franchising, LLC Even Hotels License Agreement in Rhode Island can be executed in counterparts, which together will constitute one and the same instrument. This means that the agreement does not need to be signed on a single physical document; multiple copies can be signed and then combined to form the complete agreement.

Furthermore, the FDD specifies that signatures via Conga Sign, DocuSign, .PDF file, facsimile, or other electronic format have the same force and effect as originals. This allows for flexibility in the signing process, enabling parties to use digital or electronic methods to sign the agreement, which are considered as valid as traditional ink signatures. This is a common practice in modern franchising, as it streamlines the execution process and reduces the need for physical document handling.

This provision simplifies the process of finalizing the license agreement for Even Hotels franchises in Rhode Island, making it more convenient for both the franchisor and the franchisee. The acceptance of electronic signatures and counterpart execution reflects a modern approach to contract law, acknowledging the validity and efficiency of digital methods.

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.