Are there any dependencies mentioned in relation to 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" | |
| and a party which is disclosing Confidential Information may be referred to herein as the "disclosing party" and | |
| the party which is receiving Confidential Information may be referred to herein as the "receiving party." | |
| RECITALS | |
| A. | |
| Company and Hyatt are discussing mutual business opportunities relating to the possible transaction (the | |
| "Transaction") with respect to the property commonly known as (the "Property") and | |
| the hotel business conducted thereon (the "Business") and Company and Hyatt desire to share certain Confidential | |
| Information (as defined herein) with each other, subject to the terms contained herein. | |
| B. | |
| Hyatt and Company wish to enter into this Agreement to confirm that the Confidential Information will | |
| be treated as confidential in accordance with the terms of this Agreement, and to provide the parties hereto with | |
| certain rights and remedies in connection with the violation of this Agreement. | |
| NOW, THEREFORE, in consideration of the mutual promises, covenants, and agreements contained herein, and | |
| for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties | |
| agree as follows: | |
| 1. | |
| Confidential Information. "Confidential Information" shall mean the information provided by either party | |
| to the other with respect to the Property and Business including, but not limited to, the following: (a) management | |
| and operational information, forecasts, and projections; (b) financing information; (c) proprietary know-how, data, | |
| documents, designs, photographs, plans, graphs, drawings, specifications, pro forma models, reports, contracts, | |
| customer lists, pricing information, studies, findings, and other ideas; (d) entity information relating to the | |
| disclosing party including, without limitation, any joint venture agreement, limited liability company agreement | |
| or similar arrangements; (e) documents relating to real property interests including, but not limited to, | |
| environmental reports and audits; (f) information that should be treated as confidential under the circumstances | |
| surrounding its disclosure, including without limitation, proprietary information |
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 contingent upon discussions between Company and Hyatt Franchising, L.L.C. regarding potential business opportunities related to a possible transaction. This transaction involves a specific property and the hotel business conducted there.
The agreement is dependent on both parties, Company and Hyatt, sharing confidential information with each other. The purpose of the agreement is to ensure that this shared information is treated as confidential, and it provides both parties with rights and remedies if the agreement is violated.
The agreement itself outlines what constitutes "Confidential Information," which includes a wide array of data related to the property and business. This encompasses management and operational details, financial information, proprietary knowledge, documents, designs, customer lists, and more. The agreement extends to any information that should reasonably be considered confidential under the circumstances of its disclosure.