What is the effective date of the Even Hotels franchise registration in Illinois?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT I-1
State Effective Dates
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to the 2025 FDD, Exhibit I-1 lists states with franchise laws requiring registration or filing of the Franchise Disclosure Document. Illinois is among these states. The document states that it is effective and may be used in these states, where the document is filed, registered, or exempt from registration, as of the Effective Date stated below. However, the specific effective date for Illinois is not provided in the excerpt.
Prospective Even Hotels franchisees should confirm the exact effective date of the franchise registration in Illinois with the franchisor. This date is crucial because it determines when the franchisor is legally permitted to offer and sell franchises in that state. Selling a franchise before the effective date would be a violation of franchise laws.
It is common practice for franchisors to register their FDD annually in registration states, and the effective date can vary. Therefore, franchisees should verify this date to ensure compliance and protect their investment. Contacting the state agency listed on Exhibit E of the FDD, as suggested in another excerpt, could also provide clarity on the registration status and effective date in Illinois.