What parties are involved in the Confidentiality Agreement 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" |
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 parties involved in the Confidentiality Agreement are the Company and Hyatt Franchising, L.L.C. The agreement is made between a specific entity, referred to as "Company" in the document, and Hyatt Franchising, L.L.C., which is identified as a Delaware limited liability company with its address at 150 North Riverside Plaza, Chicago, Illinois 60606.
Both Hyatt and the Company may be referred to individually as a "party" and collectively as the "parties." Furthermore, the party disclosing confidential information is referred to as the "disclosing party" within the context of the agreement.
This agreement ensures that both parties understand their obligations regarding the handling and protection of confidential information shared between them. For a prospective The Standardx franchisee, this means they will be required to maintain the confidentiality of sensitive business information belonging to The Standardx (Hyatt Franchising, L.L.C.) and vice versa, if the franchisee is in possession of information deemed confidential.