What is the deadline from the execution of the Franchise Agreement for a Byrider franchisee to open their business to the public?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
ARTICLE XVI
DEFAULT & TERMINATION.
16.1 The Company's Right to Terminate Prior to Opening.
- A. The Company shall have the right to terminate this Agreement forthwith if:
- (1) Prior to the Franchisee's Business opening, the Franchisee shall have failed to satisfactorily complete the Initial Training Program as required herein. The Franchisee acknowledges that because of the Company's skill and knowledge with respect to the training and skill required to manage the Business, its decision whether or not the Franchisee has satisfactorily completed such training may be made by the Company in the good faith exercise of its sole, subjective judgment;
- (2) The Franchisee's Business is not opened to the public for business within one (1) year of the execution of this Agreement;
- (3) Any financial, personal or other information provided by the Franchisee to the Company in connection with the Franchisee's application for the franchise is materially false, misleading, incomplete or inaccurate.
- B. If the Company elects to terminate this Agreement pursuant to this Section, the Company shall notify the Franchisee of its election. If, at the time of such termination, the Franchisee has entered into a binding lease or purchase agreement for the Business Location or has entered into binding purchase orders for the purchase of equipment or fixtures to be installed in the Business Location, the Company shall have the right but not the obligation to require the Franchisee to use its best efforts to assign its rights under the lease, purchas
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a franchisee must open their Byrider business to the public within one year of the execution of the Franchise Agreement. Failure to do so gives Byrider the right to terminate the agreement.
This requirement ensures that franchisees promptly establish and begin operating their businesses. It protects Byrider's brand and market presence. The one-year timeframe provides franchisees with a defined period to secure a location, complete necessary training, and set up their operations.
Byrider also has the right to terminate the agreement if the franchisee fails to satisfactorily complete the Initial Training Program prior to opening. Byrider's decision on whether the franchisee has satisfactorily completed such training may be made by Byrider in the good faith exercise of its sole, subjective judgment. Additionally, Byrider can terminate the agreement if any financial, personal, or other information provided by the franchisee is materially false, misleading, incomplete, or inaccurate.
If Byrider terminates the agreement, and the franchisee has entered into a binding lease or purchase agreement for the Business Location or has entered into binding purchase orders for the purchase of equipment or fixtures to be installed in the Business Location, Byrider has the right, but not the obligation, to require the franchisee to use its best efforts to assign its rights under the lease or purchase agreements.