factual

What specific actions are Receiving Parties obligated to take regarding Confidential Information received from The Standardx?

The_Standardx Franchise · 2025 FDD

Answer from 2025 FDD Document

he financial terms of this Agreement, product and business plans, unpublished financial information, trade secrets, know-how and information regarding processes, information regarding customers, information concerning both successful and unsuccessful tests and ideas and technologies, and any reports, materials, program materials, software, flowcharts, notes, outlines and the like, used, created or developed by Hyatt or its affiliates in connection herewith ("Work Product") shall be deemed to be the confidential and proprietary information ("Confidential Information") of the Disclosing Party. The Receiving Party agrees (i) to hold all Confidential Information in strict confidence; (ii) to disclose Confidential Information only to employees of the Receiving Party who have a need to know such Confidential Information and who are advised to hold such Confidential Information in strict confidence; and (iii) not to copy, reproduce, sell, assign, license, market, transfer or otherwise dispose of, give or disclose such Confidential Information to third parties, or to use such Confidential Information for any purposes whatsoever other than in connection with the Receiving Party's performance under this Agreement. Notwithstanding anything in this Agreement, the Receiving Party shall not copy, reproduce, sell, assign, license, market, transfer or otherwise dispose of, give or disclose the Disclosing Party's Confidential Information to a competitor of the Disclosing Party without the prior written consent of the Disclosing Party. In addition, Owner acknowledges it does not have right, title, interest or copyright in any Work Product or Hyatt Confidential Information, nor any license to use, sell, exploit, copy or further develop such Work Product or Confidential Information. This provision will survive the expiration or earlier termination of this Agreement.

  • b. Confidential Information shall exclude all information, which (a) is at the time of disclosure, or thereafter becomes, a part of the public domain through no act or omission of the other party, its employees or agents; (b) was in the other party's possession as shown

by written records prior to the disclosure and had not been obtained by such party either directly or indirectly from the Disclosing Party; (c) is hereafter disclosed to the other party by a third party who did not acquire the information directly or indirectly from the Disclosing Party hereunder; or (d) was independently developed by the other party without use of the Confidential Information, as evidenced by written records.

7. Compliance with Laws.

In performing the Services, Hyatt will, at its expense, fully comply with all applicable federal, state and/or local laws, rules, regulations and ordinances.

8. Insurance.

Owner shall maintain insurance as set forth in the Franchise Agreement. To the extent the Franchise Agreement does not address Owner's insurance obligations, Owner shall procure and at all times during the term of this Agreement maintain such insurance covering the risks, in the amounts, and with the deductibles, retentions and other provisions, as reasonably designated by Hyatt from time to time for recipients of the Services, including but not limited to advertising liability and contractual liability coverage in a minimum amount of $2,000,000.00 per occurrence or the then-current minimum coverage amount designated by Hyatt.

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, a Receiving Party (which includes franchisees) acknowledges that they may be exposed to confidential or proprietary information belonging to the Disclosing Party (The Standardx). This information can include financial terms, business plans, unpublished financial data, trade secrets, processes, customer information, test results, ideas, technologies, reports, materials, program materials, software, flowcharts, notes, and outlines. All such information is deemed Confidential Information of The Standardx.

The Receiving Party must (i) hold all Confidential Information in strict confidence; (ii) disclose Confidential Information only to employees who need to know it and who are advised to maintain its confidentiality; and (iii) not copy, reproduce, sell, assign, license, market, transfer, dispose of, give, or disclose such Confidential Information to third parties. They also cannot use the Confidential Information for any purposes other than performing their obligations under the agreement.

Furthermore, the Receiving Party is prohibited from disclosing The Standardx's Confidential Information to a competitor without prior written consent. The Receiving Party also acknowledges that they do not have any right, title, interest, or copyright in any Work Product or The Standardx Confidential Information, nor any license to use, sell, exploit, copy, or further develop such Work Product or Confidential Information. These confidentiality provisions survive the termination or expiration of the agreement. The Receiving Party may be required to destroy or return all Confidential Information upon termination of discussions or at the request of the disclosing party, with some exceptions for legal or compliance reasons, in which case the information must still be kept confidential.

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.