Which sections of The Standardx Franchise Agreement are modified by the Rider concerning releases related to assignment/transfer or renewal?

According to The Standardx's 2025 Franchise Disclosure Document, a rider modifies specific sections of the Franchise Agreement related to releases, particularly concerning assignment/transfer or renewal, for franchisees in Maryland. The rider explicitly states that it is applicable if the franchisee is a resident of Maryland or if the Brand Hotel will be located or operated in Maryland.

Specifically, the rider adds language to the end of Sections 10, 12.4(e), and 13.3 of The Standardx Franchise Agreement. This additional language stipulates that any general release required as a condition of renewal, assignment, or transfer will not apply to any liability under the Maryland Franchise Registration and Disclosure Law. This means that while The Standardx may require a general release, this release cannot waive the franchisee's rights or The Standardx's obligations under Maryland franchise law.

This modification provides additional protection to The Standardx franchisees in Maryland, ensuring that they do not inadvertently waive their rights under Maryland franchise law when signing releases related to renewal, assignment, or transfer of the franchise. It is important for prospective franchisees in Maryland to understand this modification and how it affects their rights and obligations under the Franchise Agreement.