What is the effective date of the Franchise Agreement mentioned in this Byrider rider?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
n and Non-Renewal of an agreement are set forth in sections 19 and 20 of the Illinois Franchise Disclosure Act.
No statement, questionnaire or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of: (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on behalf of the Company. This provision supersedes any other term of any document executed in connection with the franchise.
IN WITNESS WHEREOF, the parties have executed and delivered this Rider on the dates noted below, to be effective as of the Effective Date of the Development Agreement.
| "FRANCHISEE" | "COMPANY" | ||
|---|---|---|---|
| «Name_of_Franchisee», «Entity_Type» | BYRIDER FRANCHISING PARTNERS, LLC | ||
| «Signatory»«Signatory_Title» | By: Michael J. Onda, Chief Executive Officer |
RIDER TO THE AREA DEVELOPMENT AGREEMENT FOR USE IN MINNESOTA
| THIS RIDER is made and entered into by and between BYRIDER FRANCHISING | |
|---|---|
| PARTNERS, LLC, a Delaware limited liability company whose address it 12802 Hamilton | |
| Crossing Boulevard, Carmel, Indiana, 46032 (the "Company"), and | |
| a(n) whose principal business address is | |
| (the "Franchisee"). | |
| 1. | BACKGROUND. The Company and the Franchisee are parties to that certain Area Development Agreement dated, 20 (the "Development Agreement"). This Rider is annexed to and forms an integral part of the Development Agreement. This Rider supersedes any inconsistent or conflicting provisions of the Development Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the Development Agreement. |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the effective date of the Development Agreement, to which the rider is annexed, is determined by the dates noted on the document when the parties have executed and delivered it. Specifically, the rider becomes effective as of the effective date of the Development Agreement itself. This means the rider's terms are legally binding from the same date the original Development Agreement came into force.
For a prospective Byrider franchisee, this implies that all terms and conditions outlined in the rider, including any amendments or superseding provisions to the Development Agreement, take effect simultaneously with the original agreement. It is crucial for the franchisee to carefully review both the Development Agreement and the rider to understand their rights and obligations from the outset of the franchise relationship.
This clause ensures that any modifications or additions to the original agreement are immediately integrated, providing clarity and preventing potential disputes regarding the effective timing of specific terms. Franchisees should pay close attention to the execution dates on both documents to confirm the precise effective date and ensure all parties are aligned on when the agreement and its rider become legally binding.