What is the length of the initial term for the Even Hotels Revenue Management Agreement?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
- The term of this Agreement shall commence as of January 1, 2024 , and shall continue for an initial term of twelve (12) months, provided that this Agreement is not earlier terminated as more particularly described below ("Initial Term").
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- After the Initial Term, this Agreement shall automatically renew for additional one-year Terms, although either party may terminate this Agreement without cause (a) during a renewal Term, upon 90 days prior written notice to the other party, or (b) upon notice of non-renewal of at least 30 days prior to the end of a Term. If client terminates, client's agreement may continue and may continue to be billed for services for longer than 90 days if client is not meeting the Revenue Management Certification Standard and/or any other applicable IHG Brand Standard in an alternate, approved way.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the initial term of the Revenue Management Agreement is 12 months, commencing on January 1, 2024. This initial term applies provided that the agreement isn't terminated earlier as described in the agreement.
Following the initial 12-month term, the agreement automatically renews for additional one-year terms. Either party has the option to terminate the agreement during a renewal term by providing 90 days' prior written notice. Alternatively, either party can provide at least 30 days' notice before the end of a term if they wish to terminate the agreement at the end of that term.
However, if the client, meaning the Even Hotels franchisee, terminates the agreement, billing for services may continue for longer than 90 days if the franchisee isn't meeting the Revenue Management Certification Standard or any other applicable IHG Brand Standard through an approved alternative method. This clause ensures that Even Hotels can maintain its brand standards and revenue management practices even if a franchisee chooses to terminate the agreement.