What year is used as the template year for the Hosting Services Agreement for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Hosting Services Agreement ("Agreement") is made this day of , 2025 | |
|---|---|
| (the "Effective Date"), by and between | |
| (Name of Franchisee) | |
| , a(n) ("Owner") and | |
| Hyatt Franchising, L.L.C., a Delaware limited liability company ("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, the template year for the Hosting Services Agreement is 2025. The agreement is established as of a specific day in 2025, serving as the 'Effective Date'. This agreement is between Hyatt Franchising, L.L.C. and the franchisee (referred to as 'Owner').
The agreement outlines the terms under which Hyatt will provide hosting and related services for the Property Management System used at The Standardx Hotel. This includes hosting the system, making it available to the franchisee and its authorized users, and maintaining the hosted hardware. The services also encompass providing upgrades and updates to both third-party software and the hosted hardware, contingent on authorization and provision by third-party vendors.
This agreement is important for prospective franchisees as it defines the scope of technology-related services they will receive from The Standardx (Hyatt). It also specifies the responsibilities and restrictions placed on the franchisee regarding the use of these services, such as prohibitions against propagating viruses or storing unlawful data. Understanding this agreement is crucial for franchisees to ensure they comply with the terms and avoid any service suspensions.