What exhibit contains the state-specific additional disclosures and riders for the Caption By Hyatt franchise?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT L
STATE-SPECIFIC ADDITIONAL DISCLOSURES AND RIDERS
ADDITIONAL DISCLOSURES TO THE HYATT FRANCHISING, L.L.C. MULTI-STATE FRANCHISE DISCLOSURE DOCUMENT FOR CAPTION BY HYATT HOTELS
The following are additional disclosures to the Hyatt Franchising, L.L.C. Multi-state Franchise Disclosure Document for Brand Hotels of required by various state franchise laws. Each provision of these additional disclosures will not apply unless, with respect to that provision, the jurisdictional requirements of the applicable state franchise registration and disclosure law are met independently without reference to these additional disclosures.
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
According to the 2025 Caption By Hyatt Franchise Disclosure Document, Exhibit L contains the state-specific additional disclosures and riders. This exhibit includes additional disclosures required by various state franchise laws, which supplement the main FDD. These additional disclosures are applicable only if the jurisdictional requirements of the specific state's franchise registration and disclosure laws are independently met.
For prospective Caption By Hyatt franchisees, Exhibit L is crucial because it outlines specific legal requirements and modifications to the standard franchise agreement that apply in certain states. These modifications can cover a range of issues, such as waivers, disclaimers, and amendments to specific items within the FDD. For example, the exhibit includes information pertaining to California and Virginia.
It is important for franchisees to carefully review Exhibit L to understand their rights and obligations under the franchise agreement, as these may vary depending on the state in which they operate. This ensures compliance with local laws and helps franchisees make informed decisions about their investment. Franchisees should also consult with legal counsel to fully understand the implications of these state-specific disclosures and riders.