What is the 'Franchise Agreement' referenced in the Three-Party Agreement for Hawthorn Suites By Wyndham?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Three-Party Agreement (the "Agreement") is made and entered into as of, 20 by |
|---|
| and among |
| ("Lender"); |
| ("Franchisee"); and |
| ("Franchisor" or "Company"). |
| Lender, Franchisee, and Franchisor each are referred to as a "Party" and collectively are referred to as the |
| "Parties." |
| RECITALS |
Source: Item 22 — CONTRACTS (FDD page 92)
What This Means (2025 FDD)
According to the 2025 Hawthorn Suites By Wyndham FDD, the Three-Party Agreement involves the lender, franchisee, and franchisor. The document excerpt defines the parties involved in the agreement, specifying that the lender, franchisee, and franchisor are each referred to as a "Party" and collectively as the "Parties."
The Three-Party Agreement itself does not define the Franchise Agreement. However, Item 22 of the Hawthorn Suites By Wyndham FDD states that the Franchise Disclosure Document contains a summary of certain material provisions of the Franchise Agreement and that the contract or agreement should be referred to for a statement of all rights, conditions, restrictions, and obligations of both the franchisor and the franchisee.
Prospective Hawthorn Suites By Wyndham franchisees should carefully review the Franchise Agreement, as it outlines the complete set of rights, conditions, restrictions, and obligations for both the franchisee and franchisor. Since the definition of the Franchise Agreement is not explicitly provided within the context of the Three-Party Agreement, franchisees should seek clarification from Hawthorn Suites By Wyndham regarding the specific terms and conditions outlined in the Franchise Agreement to fully understand their obligations and rights.