Under what circumstances would Even Hotels and SCH execute a document to amend their agreement?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
The terms and conditions of this Agreement may not be amended, waived, or modified, except as set forth in Section 8.3 (Termination or Expiration of IHG-HotelKey Agreement) or as otherwise set forth in a writing signed by the Parties.
If the parties agree upon additional services to be performed for Client by SCH and upon the additional compensation to be paid to SCH for such additional services, the parties shall both execute a document confirming such terms and such document shall become an amendment to this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, SCH (presumably InterContinental Hotels Group) and a Hotel Owner may execute a document to amend their agreement under two specific circumstances. First, the terms and conditions of the agreement may be amended, waived, or modified as set forth in Section 8.3, which pertains to the termination or expiration of the IHG-HotelKey Agreement. Second, if both parties agree upon additional services to be performed by SCH for the client (the Hotel Owner) and agree on the additional compensation for these services, they will execute a document confirming these terms, which then becomes an amendment to the existing agreement.
For a prospective Even Hotels franchisee, this means that changes to the initial agreement are possible, but they require mutual consent and a written document to formalize the changes. This protects both parties by ensuring that any modifications are clearly defined and agreed upon.
It is important for franchisees to understand the conditions under which amendments can be made, as this can impact the scope of services provided and the associated costs. Franchisees should pay close attention to Section 8.3 regarding the IHG-HotelKey Agreement and any potential needs for additional services that may arise during the term of the agreement.