What exhibit number contains the State-Specific Riders to agreements for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT M
STATE-SPECIFIC ADDITIONAL DISCLOSURES AND RIDERS
ADDITIONAL DISCLOSURES TO THE HYATT FRANCHISING, L.L.C. MULTI-STATE FRANCHISE DISCLOSURE DOCUMENT FOR THE STANDARDX HOTELS
The following are additional disclosures to the Hyatt Franchising, L.L.C. Multi-state Franchise Disclosure Document for Brand Hotels required by various state franchise laws. Each provision of these additional disclosures will not apply unless, with respect to that provision, the jurisdictional requirements of the applicable state franchise registration and disclosure law are met independently without reference to these additional disclosures.
NO WAIVER OR DISCLAIMER OF RELIANCE IN CERTAIN STATES
The following provision applies only to franchisees and franchises that are subject to the state franchise registration/disclosure laws in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin:
No statement, questionnaire, or acknowledgement signed or agreed to by you in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by us, any franchise seller, or any other person acting on our behalf. This provision supersedes any other term of any document executed in connection with the franchise.
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, Exhibit M contains the state-specific disclosures and riders. This exhibit includes additional disclosures to the franchise document that are required by various state franchise laws. These provisions apply only if the jurisdictional requirements of the applicable state franchise registration and disclosure law are met.
Prospective franchisees should carefully review Exhibit M to understand the specific requirements and potential modifications to the standard franchise agreement in their state. This is particularly important for franchisees in states with franchise registration/disclosure laws, such as California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, where certain waivers or disclaimers of reliance may not be enforceable.
Understanding these state-specific riders is crucial for ensuring compliance with local regulations and protecting the franchisee's rights. Franchisees should consult with legal counsel to fully understand the implications of these riders and how they may affect their franchise agreement with The Standardx.