What is the full title of the agreement discussed for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| This CONFIDENTIALITY AGREEMENT (this "Agreement") 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"). Hyatt and/or Company may each also be referred to herein as a "party" or collectively as the "parties" | |
| and a party which is disclosing Confidential Information may be referred to herein as the "disclosing party" and | |
| the party which is receiving Confidential Information may be referred to herein as the "receiving party." | |
| RECITALS |
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 agreement discussed is titled "CONFIDENTIALITY AGREEMENT". The document refers to this agreement as "this Agreement". It specifies that the agreement is made as of a particular day between a company, identified by its address, and HYATT FRANCHISING, L.L.C., a Delaware limited liability company with a Chicago address.
The document further clarifies that Hyatt and/or the mentioned company can be referred to individually as a "party" or collectively as the "parties". It also distinguishes between a "disclosing party," which provides confidential information, and a "receiving party," which receives such information.
This agreement likely outlines the terms and conditions under which confidential information is shared and protected between The Standardx and Hyatt Franchising, L.L.C. Understanding the full scope of this agreement is crucial for prospective franchisees as it dictates the handling of sensitive business information.