Daniel Larkin and Andrew Sherman, partners in Seyfarth's Corporate Department, will co-present the Henry Stewart Conference Studies course on “Understanding Hotel Management & Franchise Agreements” on May 16, 2019 in London, UK.
Hotel management and franchise agreements are extensive and complex. They can set the rules for very long periods and determine who pays for what, how much they pay and when payment must be made. They control the allocation of profits and who bears losses. They set obligations concerning performance and rights to terminate relationships (or resist termination). It is essential that their terms are fully understood at all levels of hotel management, ownership and funding not discovered as a surprise. This course will run through the terms likely to be encountered, explain the implications, where problems could arise and what are the traps to avoid.
- Selecting the right operating model
- Franchise agreements
- Evolution of structure – knowledge exchange, discussion and debate, Q&A
- Hotel Management Agreements
- Termination ... Problems ... Pitfalls ...