Does the text specify who the 'a[n]' refers to in The Standardx Confidentiality Agreement?
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" |
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 Confidentiality Agreement is between 'a[n]' and Hyatt Franchising, L.L.C. The document specifies that 'a[n]' refers to the 'Company' whose address is also mentioned in the agreement. Hyatt and/or Company may each also be referred to as a 'party'.
The agreement outlines the terms and conditions under which The Standardx and Hyatt will share confidential information related to a potential transaction concerning a specific property and its hotel business. It defines 'Confidential Information' broadly, including management, operational, and financial data, proprietary know-how, documents, designs, customer lists, and other sensitive information.
For a prospective The Standardx franchisee, this agreement highlights the importance of maintaining confidentiality regarding sensitive business information. It indicates that franchisees may be exposed to confidential information from both The Standardx (Hyatt Franchising, L.L.C.) and other parties involved in potential transactions. The agreement aims to protect both parties by ensuring that confidential information is handled appropriately and that remedies are available in case of a breach.
This type of confidentiality agreement is standard practice in franchising, especially when discussing business opportunities or sharing proprietary information. Franchisees should carefully review the terms of the agreement to understand their obligations regarding the use and protection of confidential information, as violations could lead to legal repercussions.