What is the meaning / definition of Contract / Agreement?

A contract between a hotel owner and a where the franchise company allows a hotel to use its services and name for a fee. Services a franchisor can provide are for example national advertising, reservation system, training and other depending on the hotel franchise company. A hotel usually lasts 20 years, but depending on the hotel and franchise the contract length can from 5 years to, in rare cases, 100 years.

This contract also requires that the hotel meets certain standards or admits to certain rules & regulations in order to keep the contract. Examples therefore are that the franchisor requires the hotel to purchase from its approved suppliers, the use of the ’s management system, franchise inspections for quality of facilities, upgrades to the hotel every few years or decades and other mandatory requests by the franchise company.

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