According to the Byrider Franchise Agreement, what does 'renewal' mean?

According to Byrider's 2025 Franchise Disclosure Document, a renewal of the franchise agreement means that the franchisee signs the then-current franchise agreement for another five-year term. This new agreement could include significantly different terms and fees than the original agreement.

As a Byrider franchisee, it's important to understand that the terms of the franchise agreement can change upon renewal. This means that fees, operational procedures, or other requirements could be different in the renewed agreement. The franchisee must be prepared to adapt to these potential changes, which could impact the profitability and operations of the business.

Before deciding to renew, a franchisee should carefully review the new franchise agreement and consider seeking legal counsel to fully understand the implications of the changes. It is also important to assess whether the potential benefits of continuing the franchise outweigh the costs and obligations associated with the new terms. Byrider offers franchisees the right to obtain three additional, successive franchise terms of five years each. However, if Byrider Franchising Partners is still in the business of licensing new franchises, the franchisee will have the right to obtain unlimited successive franchises of five-years each, as long as they continue to meet the qualifications and conditions for each renewal term.