factual

Who are considered 'Authorized Users' of the Property Management System for The Standardx?

The_Standardx Franchise · 2025 FDD

Answer from 2025 FDD Document

  • c. "Authorized Users" means: (i) Owner; and (ii) employees and agents of Owner when they are performing services for Property relating to the Property Management System.

Source: Item 18 — OTHER INCOME (LOSS), NET (FDD pages 187–399)

What This Means (2025 FDD)

According to The Standardx's 2025 Franchise Disclosure Document, the 'Authorized Users' of the Property Management System are defined as the Owner and the employees and agents of the Owner when they are performing services for the Property relating to the Property Management System. This definition clarifies who is permitted to access and use the system, which is crucial for maintaining security and managing user access rights.

For a prospective The Standardx franchisee, this means that as the Owner, they have access to the Property Management System. Additionally, any employees or agents working for the franchisee who need to use the system for property-related services are also considered authorized users. This ensures that the franchisee can delegate tasks and responsibilities to their staff while maintaining control over who has access to sensitive property management data.

It is important for The Standardx franchisee to understand this definition to avoid unauthorized access, which could lead to security breaches or misuse of the system. The franchisee should ensure that all users understand their responsibilities and adhere to the terms and conditions outlined in the franchise agreement. This also highlights the importance of proper training and oversight of employees and agents who are granted access to the Property Management System.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.