What does The Standardx define as 'Third Party Software'?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
- r. "Third Party Software" means any software that is proprietary to a third party and that is installed and maintained on the Hosted Hardware or otherwise used in connection with the provision of the Services but does not include 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, 'Third Party Software' refers to any software that is owned by a third party and is installed and maintained on the Hosted Hardware or used in connection with providing services. However, this definition specifically excludes the Property Management System software.
For a prospective franchisee, this means that The Standardx uses software from other companies to help run its operations. This software is installed on the hardware that The Standardx uses to host its systems. However, the software used for managing the property itself is not considered third-party software under this definition.
It is important for franchisees to understand what software is considered 'Third Party Software' because The Standardx is responsible for the maintenance of this software, while the franchisee is responsible for the maintenance of the Property Management System. Franchisees should ask The Standardx for a list of the specific third-party software they will be using and what their responsibilities are regarding its use.