How are capitalized terms defined if they are not defined in the Byrider Franchise Agreement Addendum?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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. |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, if a capitalized term is not explicitly defined within an addendum to the Franchise Agreement, its meaning will be the same as defined in the main Franchise Agreement. This ensures consistency and avoids confusion by referencing the primary agreement for definitions not covered in the addendum.
This is particularly relevant in the context of addenda such as the Veteran Discount Addendum. This addendum focuses on specific modifications to the initial franchise fee for eligible veterans but does not redefine standard terms used throughout the broader agreement. Therefore, franchisees need to consult the original Franchise Agreement to understand the precise meaning of capitalized terms used in the addendum.
For a prospective Byrider franchisee, this means carefully reviewing both the Franchise Agreement and any associated addenda to fully understand their rights and obligations. It's crucial not to assume the meaning of capitalized terms and to cross-reference them with the definitions provided in the main agreement to ensure clarity and avoid potential misunderstandings.