factual

What is the purpose of the 'Participation Agreement' for Even Hotels franchisees, as defined in the Master Technology Schedule?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

ut and output devices, expansion cards, storage devices (including hard drives and installed and removable flash memory), portable computer and communications devices, other telecommunications devices, cables, wireless interfaces, and other computer peripherals.

"Order Form" means a binding contract created through an IHG-approved order form submitted to IHG or an order through IHG's online portal, currently branded as "IHG Marketplace", as such form or portal may be changed by IHG from time to time, for Services and/or Hardware to be governed by this Master Technology Schedule. The submitted order form or order placed through the portal, once accepted by IHG, forms the binding contract and becomes part of this Master Technology Schedule.

"Participation Agreement" means a joinder, subscription, or participation agreement executed between Licensee and a Service Provider to establish terms governing Hardware, Software, or Services provided by the Service Provider to Licensee in connection with an Enabling Agreement.

Source: Item 23 — RECEIPTS (FDD pages 99–438)

What This Means (2025 FDD)

According to Even Hotels' 2025 Franchise Disclosure Document, a Participation Agreement, within the context of the Master Technology Schedule, serves to establish the terms and conditions governing the provision of Hardware, Software, or Services by a Service Provider to the franchisee. This agreement is executed between the Even Hotels franchisee (referred to as 'Licensee') and the Service Provider.

The Participation Agreement allows the Even Hotels franchisee to receive the benefits of negotiated terms, conditions, and pricing for Optional Services obtained by IHG in Enabling Agreements with Service Providers. By entering into a Participation Agreement, the franchisee can access these Optional Services, which are not included in the Core Services or Additional Required Services.

In essence, the Participation Agreement is a mechanism that enables Even Hotels franchisees to directly engage with Service Providers for technology-related products and services under the umbrella of IHG's negotiated agreements. It outlines the rights, responsibilities, and obligations of both the franchisee and the Service Provider, ensuring a clear understanding of the services being provided and the terms under which they are delivered. In the event of a conflict between a provision in the Master Technology Schedule and a provision in the Participation Agreement, the provision in the Master Technology Schedule shall control.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.