Under what condition can the Guaranty for The Standardx be amended?

According to The Standardx's 2025 Franchise Disclosure Document, the Guaranty can only be amended through a written instrument. This means that any changes to the Guaranty agreement must be documented in writing and formally executed by the party against whom the amendment is intended to be enforced.

For a prospective The Standardx franchisee, this requirement ensures that any modifications to the Guaranty are clear, unambiguous, and legally binding. It protects both the guarantor and Hyatt by preventing disputes over alleged verbal agreements or informal understandings. The written amendment must be signed by an authorized representative of the party being held to the amendment.

This condition is typical in franchising and contract law generally, as written agreements provide a clear record of the terms and prevent misunderstandings. It is crucial for franchisees and their guarantors to carefully review any proposed amendments to the Guaranty and seek legal counsel to ensure they understand the implications before signing.