What is Byrider's approval of the location lease conditioned upon?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
ve been previously submitted to the Company for approval. The Company's approval of the lease will be conditioned upon, among other things, execution by Franchisee and the landlord the form of lease addendum attached as Exhibit F hereto. If the landlord is an affiliate of Franchisee, Franchisee must cause the landlord to execute the affiliated entity joinder attached as Exhibit G hereto. The Company's review of and consent to the lease are limited to those provisions and items that the Company believes are necessary and appropriate solely for its own purposes and its own benefit as the licensor of the Marks and the System. The Franchisee has been advised to obtain the advice of its own professional advisors before the Franchisee signs or makes any adjustments to the lease to accommodate its operation of the Franchisee's Business. In the event Franchisee or its affiliate owns the approved Business Location, Franchisee agrees that upon termination of this Agreement by Company due to Franchisee's breach or termination by Franchisee without cause prior to the scheduled expiration according to 5.1 herein, Franchisee or its affiliate will, at Company's election, lease the Business Location to Company or its affiliate at market rent for a term of two (2) years.
- 7.4 Opening for Franchisee's Business. The Franchisee shall give the Company at least sixty (60) days prior written notice of the opening of the Franchisee's Business ("Notice of Opening"). If such notice is not given, the Company shall be relieved of its obligation
to provide the assistance in connection with the opening of the Franchisee's Business (provided in Section 6.6 hereof).
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Byrider's approval of the location lease is conditioned upon the franchisee and the landlord executing the form of lease addendum attached as Exhibit F. If the landlord is an affiliate of the franchisee, the franchisee must ensure the landlord executes the affiliated entity joinder attached as Exhibit G.
Byrider's review and consent to the lease are limited to provisions and items Byrider believes are necessary and appropriate for its own purposes and benefit as the licensor of the Marks and the System. This means Byrider is primarily concerned with aspects of the lease that protect its brand and operational standards, rather than the franchisee's specific business interests.
Prospective franchisees should carefully review Exhibits F and G and understand their obligations. It is also advisable for franchisees to seek independent legal counsel to review the lease agreement and ensure it aligns with their business needs and local regulations, as Byrider explicitly advises franchisees to obtain advice from their own professional advisors before signing or adjusting the lease.