For The Standardx franchise, what is the deadline for providing Hyatt with an updated Exhibit G after a Non-Control Transfer?

According to The Standardx's 2025 Franchise Disclosure Document, a franchisee must provide Hyatt with an updated Exhibit G within thirty (30) days after the effective date of any Non-Control Transfer. This requirement applies if the previously effective version of Exhibit G has changed. Alternatively, the franchisee must provide such other information as Hyatt reasonably requests from time to time concerning any new Non-Controlling Owners, other than Limited Interest Owners. This obligation does not apply to transfers among then-existing Owners.

In practical terms, this means that if a The Standardx franchisee experiences a change in non-controlling ownership, they have a month to update Hyatt with the relevant details. Exhibit G likely contains information about the ownership structure, so any changes must be promptly reported. This ensures Hyatt maintains current records of who owns and controls the franchise, even if the changes don't represent a controlling interest.

It is important for prospective The Standardx franchisees to understand the distinction between Non-Control Transfers and Control Transfers, as the requirements differ. Non-Control Transfers have a shorter reporting window and do not require Hyatt's consent, whereas Control Transfers require advance notice and Hyatt's approval. Franchisees should also be aware of what constitutes a 'Limited Interest Owner,' as they are exempt from this reporting requirement. Maintaining accurate and timely communication with Hyatt regarding ownership changes is crucial for remaining in compliance with the franchise agreement.