According to Even Hotels' 2025 Franchise Disclosure Document, the length of the license term for a new development is 20 years, beginning on the effective date and expiring 20 years after the hotel opens in the brand system. For a conversion, the term is 10 years or more from the date the hotel opens in the brand system. For a change of ownership or re-licensing, the term is 10 years or more from the effective date.

It is important to note that the Even Hotels license does not provide for renewals or term extensions. If Even Hotels agrees to re-license, a franchisee may be asked to sign a contract with materially different terms and conditions than the original contract. This means that franchisees should carefully consider the initial term length, as there is no guarantee of renewal under the same terms.

These terms are typical in the franchise industry, where initial terms often range from 10 to 20 years, with options for renewal based on performance and mutual agreement. However, the absence of a renewal option in the Even Hotels license agreement places added importance on the initial term and the potential need to negotiate a new agreement if the franchisee wishes to continue operating the Even Hotels location beyond the initial term.