According to the Byrider disclosure, what is the 'FDD'?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
This Disclosure Document summarizes certain provisions of the Franchise Agreement, the Area Development Agreement and other information in plain language. Read this Disclosure Document and all agreements carefully.
If Byrider Franchising Partners, LLC offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, Byrider Franchising Partners, LLC, or any affiliate in connection with the proposed franchise sale. Under Iowa law, we must give you this Disclosure Document at the earlier of our 1st personal meeting or 14 calendar days before you sign an agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale. Under Michigan law, we must give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. Under New York law, we must provide this Disclosure Document at the earlier of the 1st personal meeting or 10 business days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
If Byrider Franchising Partnesr, LLC does not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified on Exhibit G. We authorize the respective state agents identified on Exhibit G to receive service of process for us in the particular states.
The name, principal business address, and telephone number of the franchise seller offering the franchise is as follows: Ben Goodman, 12802 Hamilton Crossing Blvd., Carmel, Indiana 46032 (317) 249-3355.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the document summarizes certain provisions of the Franchise Agreement, the Area Development Agreement, and other information in plain language. The FDD emphasizes the importance of carefully reading the document and all related agreements.
Byrider must provide the Disclosure Document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise sale. Specific state laws, such as those in Iowa, Michigan, and New York, may require earlier disclosure, such as at the first personal meeting or 10 business days before signing any agreement or making a payment.
The Franchise Disclosure Document also states that failure to deliver the document on time, or if it contains false or misleading statements or material omissions, may constitute a violation of federal and state laws. Such violations should be reported to the Federal Trade Commission and the appropriate state agency, as identified in Exhibit G. Ben Goodman, whose contact information is provided, is the franchise seller offering the franchise.