Franchise Agreement

• Expiration Date: 31 March 2029
• Parties: Homewood Suites Franchise LLC ("we," "us," "our" or "Franchisor"), Franchisee ("you," "your" or "Franchisee") (We and you may collectively be referred to as the "Parties.")
• State: New York
• Section: Commercial Contracts

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FRANCHISEAGREEMENT

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HOMEWOODSUITESBYHILTONSTRATFORD

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(Stratford,Connecticut)

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TABLEOFCONTENTS

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1.0 DEFINITIONS 1

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2.0 GRANTOFLICENSE 6

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2.1 Non-ExclusiveLicense 6

2.2 ReservedRights 7

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3.0 TERM 7

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4.0 OURRESPONSIBILITIES 7

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4.1 Training 7

4.2 ReservationService 7

4.3 Consultation 7

4.4 Marketing 7

4.5 Inspections/ComplianceAssistance 8

4.6 Manual 8

4.7 EquipmentandSupplies 9

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5.0 YOURRESPONSIBILITIES 9

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5.1 OperationalandOtherRequirements 9

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6.0 HOTELWORK 11

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6.1 NecessaryConsents 11

6.2 InitialHotelWork 12

6.3 CommencementandCompletionoftheHotelWork 12

6.4 OpeningtheHotelUnderThisAgreement 12

6.5 PerformanceofAgreement 13

6.6 HotelRefurbishmentandRoomAddition 13

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7.0 STAFFANDMANAGEMENTOFTHEHOTEL 14

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8.0 PAYMENTOFFEES 14

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8.1 MonthlyFees 14

8.2 CalculationandPaymentofFees 14

8.3 OtherFees 15

8.4 Taxes 15

8.5 ApplicationofFees 15

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9.0 PROPRIETARYRIGHTS 15

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9.1 OurProprietaryRights 15

9.2 TradeName,UseoftheMarks 15

9.3 UseofTradeNameandMarks 16

9.4 TrademarkDisputes 16

9.5 WebSites 16

9.6 Covenant 17

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10.0 REPORTS,RECORDS,AUDITS,ANDPRIVACY 17

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10.1 Reports 17

10.2 MaintenanceofRecords 17

10.3 Audit 17

10.4 OwnershipofInformation 18

10.5 PrivacyandDataProtection 18

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11.0 CONDEMNATIONANDCASUALTY 18

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11.1 Condemnation 18

11.2 Casualty 18

11.3 NoExtensionsofTerm 19

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12.0 NOTICEOFINTENTTOMARKET 19

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13.0 TRANSFERS 19

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13.1 OurTransfer 19

13.2 YourTransfer 19

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14.0 TERMINATION 22

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14.1 TerminationwithOpportunitytoCure 22

14.2 ImmediateTerminationbyUs 22

14.3 SuspensionInterimRemedies 23

14.4 LiquidatedDamagesonTermination 24

14.5 ActualDamagesUnderSpecialCircumstances 24

14.6 YourObligationsonTerminationorExpiration 24

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15.0 INDEMNITY 25

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16.0 RELATIONSHIPOFTHEPARTIES 26

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16.1 NoAgencyRelationship 26

16.2 NoticestoPublicConcerningYourIndependentStatus 26

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17.0 MISCELLANEOUS 26

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17.1 SeverabilityandInterpretation 26

17.2 GoverningLaw,JurisdictionandVenue 27

17.3 ExclusiveBenefit 27

17.4 EntireAgreement 27

17.5 AmendmentandWaiver 27

17.6 Consent;BusinessJudgment 27

17.7 Notices 28

17.8 GeneralRelease 28

17.9 RemediesCumulative 28

17.10 EconomicConditionsNotaDefense 28

17.11 RepresentationsandWarranties 28

17.12 Counterparts 29

17.13 SanctionedPersonsandAnti-briberyRepresentationsandWarranties 29

17.14 Attorneys'FeesandCosts 30

17.15 Interest 30

17.16 SuccessorsandAssigns 30

17.17 OurDelegationofRightsandResponsibility 30

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18.0 WAIVEROFJURYTRIALANDPUNITIVEDAMAGES 30

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19.0 INTENTIONALLYDELETED 31

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ADDENDUMTOFRANCHISEAGREEMENT 

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NEWYORKADDENDUMTOFRANCHISEAGREEMENT 

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EXHIBITAPRODUCTIMPROVEMENTPLAN 

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