What agreement are Byrider and the Franchisee parties to?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
ombined classroom and on the job instruction pertaining to operation of the Franchisee's business that may include sales and marketing methods, financial controls, maintenance of quality standards, customer service techniques, record keeping, reporting procedures, and other operational issues.
ONTRACK
OnTrack is the Byrider/CNAC online training site. Multiple certification paths are offered for positions from a Sales/General Manager to a Cashier or Detailer. Courses and materials are available for special situations, such as the annual Tax Program. In addition to courses created in house, many are available from training partners in areas of leadership and governmental compliance.
EXHIBIT F
TO
FRANCHISE DISCLOSURE DOCUMENT
ACCEPTANCE AND ASSUMPTION OF OBLIGATIONS (Financing Division)
| THIS ACCEPTANCE AND ASSUMPTION OF OBLIGATIONS (the "Agreement") is made as of the Effective Date by and between BYRIDER FRANCHISING PARTNERS, LLC ("us"), ("Franchisee"), |
|---|
| , |
| a |
| having |
| its |
| principal place of business at the same address as the Franchisee (the "Finance Entity"), and the |
| undersigned Guarantors. The Effective Date is the date we sign this Agreement as shown beneath |
| our signature on the signature page. |
| RECITALS |
| A. |
| We and Franchisee are parties to a Franchise Agreement, dated, |
| pursuant to which we granted Franchisee the right and license, and Franchisee undertook the |
| obligation, to own and operate a Business, including both a Byrider sales division and a CNAC |
| finance |
| division, |
| at |
| (the |
| "Franchise Agreement"). Each of the undersigned Guarantors has executed a Personal Guaranty |
| and Assumption of Franchisee's Obligations (each a "Guarantee Agreement"). |
| B. |
| Franchisee has advised us that it has created the Finance Entity for purposes of |
| conducting the CNAC financing and collection portion of the Business (the "Financing |
| Activities") under and as described in the Franchise Agreement. |
| C. |
| We are willing to consent to the operation of the Finance Entity, as described in |
| Recital B, subject to the terms and conditions set forth in this Agreement. |
| D. |
| Capitalized terms used but not defined in this Agreement shall have the meanings |
AGREEMENT
FOR AND IN CONSIDERATION of the foregoing Recitals (which are incorporated in and made a part of this Agreement), the covenants contained herein, and other valuable consideration, receipt and sufficiency of which are acknowledged, the parties agree as follows:
-
- Our Consent.
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 and the Franchisee are parties to a Franchise Agreement. The Franchise Agreement grants the franchisee the right and license to operate a Byrider sales division and a CNAC finance division.
Additionally, Byrider and the Franchisee are parties to a Software Services and User Agreement. This agreement, also known as the "Software Agreement", is attached as Exhibit D to the Franchise Agreement. The Software Agreement outlines the terms for using Byrider's proprietary software, off-the-shelf software, hardware, Software as a Service (SaaS) platforms, and a dealer management system with integrated Customer Relations Management.
Furthermore, Byrider and the Franchisee may also be parties to an Acceptance and Assumption of Obligations agreement. This agreement is made as of the Effective Date between Byrider Franchising Partners, LLC, the Franchisee, the Finance Entity, and any undersigned Guarantors. The agreement outlines the consent of Byrider to the operation of the Finance Entity, which conducts the CNAC financing and collection portion of the Business.