Under what circumstances can the Caption By Hyatt agreement be modified?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in franchise or other agreement | Summary |
|---|---|---|
| s. Modification of the agreement | 18.5 of Franchise Agreement; 15 of Central Services Agreement; 16 of Hosting Services Agreement | Only writing signed by duly-authorized officers may modify agreement, but we may change Hotel System, System Standards, System Services., and services (and related prices) provided under the schedules to the Central Services Agreement. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 75–81)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, modifications to the franchise agreement, Central Services Agreement, and Hosting Services Agreement must be in writing and signed by authorized officers. However, Caption By Hyatt retains the right to unilaterally change the Hotel System, System Standards, System Services, and the services (along with related prices) outlined in the schedules to the Central Services Agreement.
This means that while the core agreements require mutual written consent for modifications, Caption By Hyatt has the flexibility to alter operational aspects of the hotel, system standards, and services provided. This includes the pricing of services detailed in the Central Services Agreement.
For a prospective franchisee, this highlights the importance of carefully reviewing the schedules to the Central Services Agreement to understand the scope of services and potential price changes that Caption By Hyatt can implement. While the franchisee can expect the core terms of the agreements to remain stable unless modified in writing, they must also be aware that operational aspects and service costs are subject to change at Caption By Hyatt's discretion.