What does the Springhill Suites By Marriott franchisee acknowledge about reading and understanding the agreement?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
- FRANCHISEE ACKNOWLEDGES THAT IT HAS READ AND UNDERSTOOD THIS AGREEMENT, ATTACHMENTS AND EXHIBITS HERETO, AND FRANCHISEE HAS HAD AMPLE TIME AND OPPORTUNITY TO CONSULT WITH ADVISORS AND LEGAL COUNSEL OF FRANCHISEE'S OWN CHOOSING ABOUT THE POTENTIAL BENEFITS AND RISKS OF ENTERING INTO THIS AGREEMENT.
FRANCHISEE ACKNOWLEDGES THAT FRANCHISEE HAS HAD AN OPPORTUNITY TO NEGOTIATE.
AND HAS FULLY NEGOTIATED, THE ESSENTIAL STIPULATIONS OF THIS AGREEMENT AND THAT SUCH STIPULATIONS WERE NOT UNILATERALLY IMPOSED ON IT BY MARRIOTT.
Source: Item 17 — , "Renewal, Termination, Transfer, and Dispute Resolution," is amended by the addition of the following paragraph(s) at the conclusion of the Item: (FDD pages 285–553)
What This Means (2025 FDD)
According to the 2025 Springhill Suites By Marriott Franchise Disclosure Document, a franchisee acknowledges that they have thoroughly read and understood the franchise agreement, including all attachments and exhibits. This acknowledgment confirms that the franchisee has been given sufficient time and opportunity to seek advice from their own advisors and legal counsel regarding the potential advantages and disadvantages of entering into the agreement.
Furthermore, the franchisee's acknowledgment includes the fact that they had the opportunity to negotiate, and have fully negotiated, the essential terms of the agreement. This signifies that the stipulations within the agreement were not unilaterally imposed by Springhill Suites By Marriott, but rather were the result of mutual discussion and agreement.
This acknowledgment is a standard legal protection for the franchisor, confirming that the franchisee entered the agreement with informed consent and understanding. It reduces the likelihood of future disputes based on claims of misunderstanding or lack of opportunity for consultation. Prospective franchisees should take this acknowledgment seriously and ensure they fully understand all aspects of the agreement before signing.