In the context of acquiring a Byrider franchise, what is the Franchisee acknowledging regarding reliance on oral statements, representations, promises, or assurances during negotiations?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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- The Franchisee agrees and states that the decision to enter into this business risk is in no manner predicated upon any oral representations, assurances, warranties, guarantees or promises made by the Franchisor or any of its officers, employees or agents (including any franchise broker) as to the likelihood of success of the franchise. Except as contained in the Franchisor's FDD, the Franchisee acknowledges that it has not received any information from the Franchisor or any of its officers, employees or agents (including any franchise broker) concerning actual, average, projected or forecasted franchise sales, profits or earnings. If the Franchisee believes that it has received any information concerning actual, average, projected or forecasted franchise sales, profits or earnings other than those contained in the FDD, please describe these in the space provided below or write "None."
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a prospective franchisee acknowledges that their decision to invest in a Byrider franchise is not based on any oral representations, assurances, warranties, guarantees, or promises made by Byrider or its representatives regarding the potential success of the franchise. This includes franchise brokers, officers, employees, or agents.
The franchisee confirms that they have not received or relied upon any information concerning actual, average, projected, or forecasted franchise sales, profits, or earnings, except as explicitly contained within Byrider's Franchise Disclosure Document (FDD). If a franchisee believes they have received such information outside of the FDD, they are instructed to document it.
This acknowledgement is a standard legal protection for franchisors. It aims to prevent franchisees from later claiming they were misled by verbal promises not documented in the official FDD. Prospective Byrider franchisees should therefore rely solely on the information provided in the FDD and seek professional advice to evaluate the business opportunity. They should also document any outside information they receive that contradicts the FDD.