table_specific

Which sections of The Standardx agreements cover modification of the agreement?

The_Standardx Franchise · 2025 FDD

Answer 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

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, the modification of agreements is addressed in Section 18.5 of the Franchise Agreement and Section 15 of the Central Services Agreement. It specifies that modifications must be in writing and signed by authorized officers. However, The Standardx retains the right to change the Hotel System, System Standards, System Services, and services (along with related prices) outlined in the schedules to the Central Services Agreement.

This means that while the core agreements require formal written modifications, The Standardx has some flexibility to alter operational aspects of the franchise. This is a fairly common practice in franchising, where franchisors need to adapt systems and standards to maintain brand consistency and competitiveness.

For a prospective franchisee, this highlights the importance of carefully reviewing the Central Services Agreement and understanding the extent to which The Standardx can make unilateral changes. While the core terms of the Franchise Agreement are protected by the written modification requirement, changes to System Standards or service pricing could impact the franchisee's operational costs and revenue streams. It would be prudent for a potential franchisee to seek clarification on the types of changes The Standardx has historically made and the process for communicating these changes to franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.