What constitutes 'Approval' from The Standardx's perspective, according to the FDD?

According to The Standardx's 2025 Franchise Disclosure Document, 'Approval' means approval in writing, which can include a subsequent written confirmation of a previous verbal approval. This definition is crucial for franchisees as it sets the standard for how The Standardx communicates its consent or agreement on various aspects of the hotel's development and operation.

This requirement for written approval ensures that there is a clear record of what The Standardx has approved, reducing the potential for misunderstandings or disputes. For example, if a franchisee receives verbal approval for a design modification but does not obtain written confirmation, The Standardx is not bound by the verbal approval. The franchisee bears the responsibility of securing written approval, which protects both parties by providing documented evidence of agreements.

The FDD also specifies that The Standardx may provide comments electronically, and these comments will constitute acknowledgment by both parties that the documents are approved, subject to those comments. This indicates that The Standardx's approval isn't necessarily a blanket endorsement but can come with specific conditions or modifications that the franchisee must adhere to. Franchisees should pay close attention to any comments provided by The Standardx, as these form an integral part of the approval and can impact the project's compliance with The Standardx's standards.