What is the date of the Franchise Agreement that this rider is annexed to for Sonesta Simply Suites?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS RIDER is by and between SONESTA RL HOTELS FRANCHISING INC. a Washington corporation with its principal business address at 400 Centre Street, Newton, Massachusetts 02458 ("we," |
|---|
| "us," or "our"), and |
| , whose |
| principal business address is |
| ("you" or "your"). |
| 1. |
| BACKGROUND. We and you are parties to that certain Franchise Agreement dated |
| (the "Franchise Agreement") that has been signed concurrently with the |
| signing of this Rider. This Rider is annexed to and forms part of the Franchise Agreement. This Rider is |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to the 2025 Sonesta Simply Suites FDD, the rider is annexed to a Franchise Agreement that is dated as of the time of signing the rider. The rider specifies that Sonesta Simply Suites and the franchisee are parties to a certain Franchise Agreement dated (the "Franchise Agreement") that has been signed concurrently with the signing of this Rider. This indicates that the Franchise Agreement and the rider are intended to be signed at the same time, making the date of the Franchise Agreement the same as the date the rider is signed.
This clause ensures that the rider becomes an integral part of the Franchise Agreement from its inception. The rider modifies or supplements the terms of the original Franchise Agreement, and by signing it concurrently, all parties acknowledge and agree to the changes or additions right from the start of their franchising relationship. This concurrent signing avoids any ambiguity about whether the rider applies to the Franchise Agreement.
Prospective franchisees should note that the specific date will be filled in at the time of signing, and it is crucial to review all documents, including the Franchise Agreement and any riders, thoroughly before signing. Understanding the implications of all clauses, especially those introduced or modified by riders, is essential for a successful franchising relationship with Sonesta Simply Suites.