What acknowledgement does Byrider require regarding oral representations about franchise success?

According to Byrider's 2025 Franchise Disclosure Document, Byrider seeks assurance that the franchisee understands the risks of purchasing a franchise and is not relying on unauthorized oral statements about the franchise's potential success.

Specifically, Byrider requires franchisees to acknowledge that their decision to invest is not based on any oral representations, assurances, warranties, guarantees, or promises made by Byrider or its representatives regarding the likelihood of the franchise's success. The franchisee must also acknowledge that they have not received any information concerning actual, average, projected, or forecasted franchise sales, profits, or earnings, except as contained in Byrider's Franchise Disclosure Document. If a franchisee believes they have received such information outside of the FDD, they are instructed to describe it.

This acknowledgement serves to protect Byrider from potential legal claims based on verbal promises or projections not included in the official FDD. It emphasizes that the franchisee is responsible for conducting their own due diligence and understanding the risks involved, rather than relying on potentially misleading or unsubstantiated claims. This is a common practice in franchising, as franchisors typically want to limit their liability to the written disclosures provided in the FDD.