What is the name of the Participation Agreement related to secure payments for Even Hotels?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
This Managed Fortinet Participation Agreement ("Participation Agreement"), effective as of [INSERT DATE] ("Effective Date"), is entered into by and between AT&T Corp. ("AT&T") and [INSERT OWNER'S LEGAL ENTITY NAME] d/b/a [INSERT NAME OF HOTEL] located at [INSERT ADDRESS OF HOTEL] (the "Eligible Participant"). This Participation Agreement is entered into pursuant to the certain Master Agreement Ref. No. 101513UA dated 11/26/2003, as maybe amended, (the "Customer Agreement") between AT&T and IHG ("Customer").
AT&T and Eligible Participant hereby agree as follows:
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- Eligible Participant may purchase certain Services made available under the Customer Agreement pursuant to this Participation Agreement. Additional project-specific terms are set forth in Attachments as agreed by the parties. Capitalized terms used but not defined in this Participation Agreement shall have the same meaning as in the Master Agreement which, along with the relevant Pricing Schedules, may be obtained by the Eligible Participant from Customer.
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- Eligible Participant hereby represents and warrants that, upon execution of this Participation Agreement, it is a Property under the Customer. If Customer notifies AT&T that an Eligible Participant has ceased to be a Property, AT&T shall notify the Eligible Participant that this Participation Agreement is terminated. AT&T shall have the right, prior to accepting an order from Eligible Participant, to confirm in AT&T's sole discretion Eligible Participant's creditworthiness, that Eligible Participant is current and up to date in its undisputed payment obligations to AT&T under
PARTICIPATION AGREEMENT IHG Secure Payment Solution (FP)
Hotel will pay IHG a fee of $0.06 per transaction, where "transaction" means each of (i) an on-line authorization request, (ii) a captured request that does not have a corresponding on-line authorization (examples include verbal authorizations, below floor limit or offline requests), (iii) a return request, and (vi) a void request.
In addition, Hotel will pay IHG a support fee of $140 per month.
Hotel acknowledges and agrees that, if/when this Participation Agreement, the SPS Agreement, or Hotel's right to operate a hotel under an IHG brand expires or terminates for any reason, this Participation Agreement shall terminate and Hotel shall no longer be eligible to receive services under this Participation Agreement.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, there are two participation agreements mentioned. One is the "Managed Fortinet Participation Agreement," effective as of a specified date, entered into by and between AT&T Corp. and the hotel owner's legal entity. This agreement allows the hotel to purchase services under a Customer Agreement between AT&T and IHG. The second agreement is the "PARTICIPATION AGREEMENT IHG Secure Payment Solution (FP)".
The Managed Fortinet Participation Agreement involves AT&T providing services to the Even Hotels location, with the hotel as an Eligible Participant. The hotel's participation is contingent upon remaining a property under IHG's Customer Agreement with AT&T. AT&T retains the right to assess the hotel's creditworthiness before accepting orders and may require security for non-payment.
The IHG Secure Payment Solution (FP) agreement facilitates secure payment solutions through FreedomPay, with IHG acting as an intermediary. The hotel agrees to FreedomPay's pass-through terms and acknowledges that FreedomPay is the service provider, while IHG manages onboarding, payments, and support. The hotel pays IHG a transaction fee of $0.06 per transaction and a monthly support fee of $140.
Both agreements outline specific terms and conditions, including compliance requirements, limitations of liability, and governing law. The Secure Payment Solution agreement specifies that it terminates if the Participation Agreement, the SPS Agreement, or the hotel's right to operate under the IHG brand expires or terminates. The hotel cannot assign its rights under the Participation Agreement without IHG's consent.