Does The Standardx FDD include state-specific riders to agreements as exhibits?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit L | State-Specific Riders to agreements, including form of release used |
|---|---|
| upon renewal or transfer |
| Exhibit | A | Financial Statements |
|---|---|---|
| Exhibit | B | Franchise Application |
| Exhibit | C | Franchise Agreement |
| Exhibit D | Design and Construction Standards | |
| Exhibit | E | State Administrators/Agents for Service of Process |
| Exhibit | F | System Standards Table of Contents |
| Exhibit | G | Confidentiality Agreement |
| Exhibit | H | List of Franchisees |
| Exhibit I | List of Franchisees Who Left the System | |
| Exhibit | J | Hosting Services Agreement |
| Exhibit | K | Comfort Letter |
| Exhibit L | Central Hotel Services by Hyatt Master Agreement | |
| Exhibit M | State-Specific Disclosures and Riders |
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.
[ENTITYNAMECAPS] Date: [FRANCHISOR ENTITY]
RIDER TO THE HYATT FRANCHISING, L.L.C. CONFIDENTIALITY AGREEMENT FOR USE IN MINNESOTA
This Rider is made as of this day of,, by and between , a[n] , whose address is ("Company") and HYATT FRANCHISING, L.L.C., a Delaware limited liability company, whose address is 150 North Riverside Plaza, Chicago, Illinois 60606 ("Hyatt"). 1. Hyatt and Company are parties to that certain Confidentiality Background. Agreement dated, 2025 that has been signed concurrently with the signing of this Rider. This Rider is annexed to and forms part of the Confidentiality Agreement. This Rider is being signed because (a) the offer or sale of the franchise for the Brand Hotel that Company would operate under a franchise agreement was made in the State of Minnesota, and/or (b) the Brand Hotel would be located or operated in Minnesota. 2. Governing Law. The following sentence is added to the end of Sections 13 and 14 of the Confidentiality Agreement: Pursuant to Minn. Stat. §80C.21 and Minn. Rule Part 2860.4400J, this Section shall not in any way abrogate or reduce Company's rights as provided for in Minnesota Statutes 1984, Chapter 80C, including the right to submit matters to the jurisdiction of the courts of Minnesota. IN WITNESS WHEREOF, the parties have executed this Rider on the day and year first above written. HYATT FRANCHISING, L.L.C., a Delaware limited liability company
RIDER TO THE HYATT FRANCHISING, L.L.C. FRANCHISE AGREEMENT FOR USE IN NORTH DAKOTA
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, state-specific riders to agreements are included as exhibits. Specifically, Exhibit L is designated for "State-Specific Riders to agreements, including form of release used upon renewal or transfer". Additionally, Exhibit M contains "State-Specific Additional Disclosures and Riders".
The inclusion of state-specific riders is a common practice in franchising due to the varying franchise laws across different states. These riders modify the standard franchise agreement to comply with the specific legal requirements of each state. This ensures that The Standardx franchise agreements are enforceable and that franchisees are protected under local laws.
For prospective The Standardx franchisees, it is crucial to carefully review these state-specific riders to understand how the franchise agreement may differ based on their location. These riders can cover a range of issues, such as dispute resolution, termination rights, and renewal options. Understanding these differences is essential for making informed decisions and operating the franchise in compliance with local regulations.
The FDD also includes examples of riders for specific states, such as Minnesota and North Dakota. These riders address specific legal requirements in those states, such as stipulations regarding governing law and franchisee rights. Franchisees planning to operate in these states should pay close attention to these riders to ensure they understand their rights and obligations.