Our client, a hotels owner and developer based in Poland, entered into two franchise agreements with the InterContinental Hotels Group (IHG), FTSE 100 listed company, which placed various obligations on our client including construction of the said hotels. Both franchise agreements were very long term, being circa 20 years. Post our client entering into the franchise agreements we provided comprehensive advice to our client on an exit strategy from the franchise agreements, which included considering whether the contracts (or any of them) were frustrated.