How can the Note for Sonesta Simply Suites be amended or modified?

According to the 2025 Franchise Disclosure Document, modifications or amendments to the Note for Sonesta Simply Suites must be in writing to be binding on the Holder. Furthermore, the written amendment or modification must be signed by the Holder to be considered valid.

This requirement protects both the franchisor and the franchisee by ensuring that any changes to the Note are clearly documented and agreed upon by all parties involved. It prevents misunderstandings or disputes that could arise from verbal agreements or informal communications. The "Holder" in this context refers to the party holding the Note, which is likely Sonesta RL Hotels Franchising Inc.

This clause is a standard practice in franchising and contract law, emphasizing the importance of formal documentation for any changes to legal agreements. Prospective Sonesta Simply Suites franchisees should ensure that any negotiated changes to the standard Note are properly documented in a written amendment signed by the franchisor to avoid future disputes.