Does Byrider acknowledge that the franchisee has had the opportunity to review the Franchise Disclosure Document?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.7 Franchise Disclosure Document. The Franchisee has received from the Company a copy of the Company's Franchise Disclosure Document, together with a copy of all proposed Agreements relating to the sale of the franchise, at least fourteen (14) calendar days, except in Michigan, at least ten (10) business days, prior to the execution of this Agreement or the payment by the Franchisee to the Company of any consideration in connection with the sale or proposed sale of the franchise granted hereby.
EXHIBIT E TO FRANCHISE AGREEMENT
BYRIDER FRANCHISING PARTNERS, LLC
DISCLOSURE ACKNOWLEDGMENT STATEMENT
BYRIDER FRANCHISING PARTNERS, LLC ("Franchisor"), through the use of this document, desires to ascertain (a) that the undersigned, individually and as a representative of any legal entity established to acquire the franchise rights ("Franchisee"), fully understands and comprehends that the purchase of a BYRIDER sales finance franchise is a business decision, complete with its associated risks, and (b) that Franchisee is not relying upon any oral statement, representations, promises or assurances during the negotiations for the purchase of the franchise which have not been authorized by the Franchisor. In that regard, the undersigned acknowledges that:
- 2.1 Independent Investigation. The Franchisee has had the opportunity to conduct an independent investigation of the business opportunity offered hereunder and the terms and provisions of this Agreement.
Please sign this copy of the receipt, print the date on which you received this Franchise Disclosure Document, and return it, by mail to Byrider Franchising Partners, LLC, 12802 Hamilton Crossing Blvd., Carmel, Indiana 46032.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Byrider Franchising Partners, LLC uses a Disclosure Acknowledgment Statement to confirm that the franchisee understands that purchasing a Byrider franchise is a business decision with associated risks. The statement also confirms that the franchisee is not relying on any unauthorized oral statements or representations made during negotiations.
The FDD states that the franchisee acknowledges they have received a copy of Byrider's Franchise Disclosure Document, along with all proposed agreements related to the sale of the franchise, at least 14 calendar days prior to signing the agreement or making any payments, except in Michigan, where the period is at least 10 business days.
Furthermore, the document includes an acknowledgment by the franchisee that they had the opportunity to conduct an independent investigation of the Byrider business opportunity and the terms of the Franchise Agreement. This acknowledgment aims to ensure that franchisees are making informed decisions based on their own due diligence and understanding of the risks involved.
Finally, the FDD requires the franchisee to sign a receipt confirming they received the Franchise Disclosure Document and to return it to Byrider Franchising Partners, LLC, at their Carmel, Indiana address.