What document is the Rider annexed to and forms a part of for The Standardx franchise?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
---------------------------------------------------------------------------|-----------------------------------------------------------------------------------| | and between, a ("Franchisee") and the | | | franchisor entity set forth in Exhibit C ("Hyatt"). | | | | | | 1. | Background. Hyatt and Franchisee are parties to that certain Franchise Agreement | | dated, 2025 that has been signed concurrently with the signing of | | | this Rider. This Rider is annexed to and forms part of the Franchise Agreement. This Rider is | | | being signed because (a) Franchisee is a resident of Maryland, or (b) the Brand Hotel will be | | | located or operated in Maryland. | | | 2. | Releases. The following language is added to the end of Sections 10, 12.4(e) and | | 13.3 of the Franchise Agreement: | | | ; provided, however, that such general release shall not apply to any liability under | | | the Maryland Franchise Registration and Disclosure Law. | | | 3. | Dispute Resolution. The following sentence is added to the end of the first | | paragraph of Section 14.1: | | | Franchisee may, subject to any arbitration obligations, bring an action in Maryland | | | for claims arising under the Maryland Franchise Registration and Disclosure Law | | | to the extent required by the Maryland Franchise Registration and Disclosure Law, | | | unless preempted by the Federal Arbitration Act. | | | 4.
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 Rider is annexed to and forms a part of the Franchise Agreement. Specifically, the Rider is signed concurrently with the Franchise Agreement.
Depending on the franchisee's location, there are state-specific riders. For instance, if the offer or sale of the franchise was made in Minnesota, or if the Brand Hotel will be located or operated in Minnesota, a specific rider is added. Similarly, there are Riders for franchisees in Maryland and North Dakota.
These riders modify specific sections of the Franchise Agreement to comply with state laws. For example, the Minnesota rider addresses termination penalties and non-renewal rights, ensuring they align with Minnesota law. The Maryland rider addresses dispute resolution and governing law, ensuring compliance with the Maryland Franchise Registration and Disclosure Law. Therefore, prospective franchisees should carefully review any state-specific riders to understand how they modify the standard Franchise Agreement in their jurisdiction.