What agreement does the Byrider Franchise Agreement Addendum amend and supplement?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
lease provided for hereunder shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
- Other Terms. All other terms of the Renewal Franchise Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on the dates noted below, to be effective as of the Effective Date of this Addendum.
BYRIDER FRANCHISING PARTNERS, LLC [FRANCHISEE] By_________________________________ By_________________________________ Michael J. Onda, CEO [Name], [Title] Date: Date: [CO-FRANCHISEE] By_________________________________ [Name], [Title] Date: _______________________________
EXHIBIT K
TO
FRANCHISE DISCLOSURE DOCUMENT
VETERAN DISCOUNT ADDENDUM
TO FRANCHISE AGREEMENT
| This VETERAN DISCOUNT ADDENDUM (this "Addendum") dated as of | |
|---|---|
| (the "Effective Date") amends and supplements certain terms and conditions of | |
| the Franchise Agreement dated | (the "Franchise Agreement") entered into |
| between BYRIDER FRANCHISING PARTNERS, LLC (the "Company") and | (the "Franchisee"). In the event of any conflict between the terms of the |
| Agreement and the terms of this Addendum, the terms of this Addendum shall control. | All |
| capitalized terms not otherwise defined in this Addendum shall have their respective meanings set | |
| forth in the Agreement. | |
| WHEREAS, Franchisee (or if a legal entity, Franchisee's owner(s)) [is/are] a veteran of | |
| the United |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the Veteran Discount Addendum amends and supplements the Franchise Agreement. The addendum is effective as of a specific date and is entered into between Byrider Franchising Partners, LLC, referred to as the "Company," and the franchisee. The addendum clarifies that if there are conflicting terms between the Franchise Agreement and the Addendum, the terms of the Addendum will take precedence. All capitalized terms not defined in the addendum will have the same meanings as defined in the Franchise Agreement.
The Veteran Discount Addendum specifically addresses a reduced initial franchise fee for franchisees who are veterans of the United States Armed Forces. It states that the initial franchise fee outlined in Section 3.8 of the Franchise Agreement will be $50,000 for eligible veterans. This indicates that the standard initial franchise fee might be higher, and the addendum provides a financial incentive for veterans.
All other terms and conditions of the original Franchise Agreement remain in full force and effect, except for the specific changes outlined in the Veteran Discount Addendum. This ensures that the fundamental obligations and rights of both Byrider and the franchisee remain consistent, while the addendum addresses the specific case of the reduced franchise fee for veterans.