Where can I find information about the modification of The Standardx franchise agreement?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in franchise or other agreement |
|---|---|
| s. Modification of the agreement | 18.5 of Franchise Agreement; 15 of Central Services Agreement |
| t. Integration/merger clause | 18.5 of Franchise Agreement; 8(f) of Confidentiality Agreement; 14 of Central Services Agreement |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 75–81)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, details regarding the modification of the franchise agreement can be found in Section 18.5 of the Franchise Agreement and Section 15 of the Central Services Agreement.
Specifically, the FDD states that modifications to the agreement must be in writing and signed by duly-authorized officers. However, The Standardx retains the right to change the Hotel System, System Standards, System Services, and services (along with related prices) provided under the schedules to the Central Services Agreement. This means that while the core franchise agreement requires formal written modifications, The Standardx has more flexibility to alter operational aspects of the franchise.
This is a fairly standard practice in franchising, where franchisors need the ability to update systems and standards to maintain brand consistency and competitiveness. However, prospective franchisees should carefully review these sections to understand the extent to which The Standardx can unilaterally make changes and how those changes might affect their business. It is important to understand what aspects of the agreement are protected by the formal modification process and what aspects are subject to change by The Standardx.