Until what date is the 'Universal Redemption Vehicle' patent valid for Even Hotels?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
On September 19, 2019 the USPTO issued SCH a utility patent for a "Universal Redemption Vehicle" (which vehicle supports the "Redeem Anywhere" concept) under Patent No. 10,417,645. This patent is valid until April 20, 2026.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD page 85)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, a utility patent was issued to SCH on September 19, 2019, by the USPTO for a 'Universal Redemption Vehicle' under Patent No. 10,417,645. The FDD specifies that this patent is valid until April 20, 2026.
This means that Even Hotels has exclusive rights to this patented technology until that date. After April 20, 2026, the patent will expire, and the technology will enter the public domain, potentially allowing competitors to use similar systems.
For a prospective franchisee, this provides a competitive advantage by utilizing a patented system. It also highlights the importance of understanding the duration of key patents and their potential impact on the business model.