Does Exhibit B for Even Hotels include a Guaranty of License Agreement?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A | Application Letter Form |
|---|---|
| Exhibit B | EVEN® Hotels License Agreement, Guaranty of License Agreement & State Addenda |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Even Hotels's 2025 Franchise Disclosure Document, Exhibit B includes the Even Hotels License Agreement, Guaranty of License Agreement, and State Addenda. This means that prospective Even Hotels franchisees will find a copy of the Guaranty of License Agreement within Exhibit B of the FDD.
The Guaranty of License Agreement is a legally binding document. It likely requires a third party, such as a principal owner or investor, to guarantee the franchisee's obligations under the License Agreement. This is a common practice in franchising, especially when the franchisee is a corporate entity or has limited operating history.
Prospective Even Hotels franchisees should carefully review the Guaranty of License Agreement to understand the scope of the guarantor's responsibilities and liabilities. They should also seek legal counsel to ensure they fully understand the implications of signing such an agreement.