What is the condition for the Byrider Licensor to have no further obligations to Licensee?

According to Byrider's 2025 Franchise Disclosure Document, the Licensor's obligations to the Licensee cease when the Licensee returns the Licensed System to the Licensor, as stated in Section 25 of the agreement. Additionally, the Licensor must return all fees covered by Appendix B that were actually paid by the Licensee.

This condition is tied to the termination of the Franchise Agreement due to the Licensor's breach, as determined by a court. In such a scenario, Byrider is required to hold the implementation of certain post-termination obligations in abeyance for up to 90 days to allow the franchisee to transition their business. This includes implementing new systems and signage without charge. Furthermore, Byrider must provide the franchisee with all necessary information to collect receivables and facilitate an orderly transfer or wind-down of the business.

This clause provides a specific remedy for the franchisee in the event of a termination caused by Byrider's breach, ensuring a smoother transition and potentially mitigating financial losses. It is important for prospective franchisees to understand the conditions under which this remedy applies and the specific obligations of both parties during the termination process.