conditional

Under what conditions can the Even Hotels agreement be terminated by the Hotel due to revised fees?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (d) This Agreement may be terminated by Hotel upon thirty (30) days prior written notice in the event Hotel does not agree with the revised Fees as set forth in Section 4 below.

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

What This Means (2025 FDD)

According to the 2025 Even Hotels Franchise Disclosure Document, the Hotel can terminate the agreement if they do not agree with revised fees. Specifically, the Hotel must provide Even Hotels with thirty (30) days prior written notice of termination if they do not agree with the revised fees as outlined in Section 4 of the agreement.

This means that if Even Hotels decides to change the fee structure, the franchisee has the option to exit the agreement, but they must formally notify Even Hotels of their intent to terminate within 30 days. This provides a degree of protection for the franchisee against potentially unfavorable fee changes implemented by Even Hotels during the term of the agreement.

It is important for a prospective Even Hotels franchisee to carefully review Section 4 of the franchise agreement to fully understand how fees may be revised and what specific rights and obligations they have in the event of such revisions. Understanding the conditions under which the agreement can be terminated is crucial for making an informed investment decision.

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.