For Even Hotels, which states require the Franchise Disclosure Document to be registered or filed?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT I-1
State Effective Dates
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, several states have franchise laws requiring the Franchise Disclosure Document (FDD) to be registered or filed with the state, or be exempt from registration. These states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This registration or filing requirement means that Even Hotels must submit their FDD to these states' regulatory agencies for review before offering franchises within their borders. The purpose is to ensure that the FDD contains all the necessary information for prospective franchisees to make informed decisions and to comply with state franchise laws.
For a potential Even Hotels franchisee, this information is crucial because it highlights the states where franchise laws are more stringent and where the FDD has undergone regulatory scrutiny. It also implies that these states offer additional legal protections to franchisees. A franchisee should be aware of these state-specific regulations and how they might impact their franchise agreement and operations.