What is the 'Effective Date' in relation to the Byrider Franchise Agreement Addendum?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
lease provided for hereunder shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
- Other Terms. All other terms of the Renewal Franchise Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on the dates noted below, to be effective as of the Effective Date of this Addendum.
BYRIDER FRANCHISING PARTNERS, LLC [FRANCHISEE] By_________________________________ By_________________________________ Michael J. Onda, CEO [Name], [Title] Date: Date: [CO-FRANCHISEE] By_________________________________ [Name], [Title] Date: _______________________________
EXHIBIT K
TO
FRANCHISE DISCLOSURE DOCUMENT
VETERAN DISCOUNT ADDENDUM
TO FRANCHISE AGREEMENT
| 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. | ||
| WHEREAS, Franchisee (or if a legal entity, Franchisee's owner(s)) [is/are] a veteran of | ||
| the United States Armed Forces; and | WHEREAS, the Company has agreed to charge Franchisee a reduced initial franchise fee | |
| on the terms and conditions set forth herein. | ||
| NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of | ||
| which is hereby acknowledged, the Company and Franchisee hereby agree as follows: | ||
| 1. | Initial Franchise Fee. The Company and Franchisee agree and acknowledge that | |
| the Initial Franchise Fee provided in Section 3.8 of the Franchise Agreement shall be $50,000. | ||
| 2. | Other Terms. All other terms of the Franchise Agreement shall remain in full force | |
| and effect. | ||
| IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on | ||
| the dates noted below, to be effective as of the Effective Date of this Addendum. | ||
| BYRIDER FRANCHISING PARTNERS, LLC | [FRANCHISEE] | |
| By | By | |
| Michael J. Onda, CEO | [Name], [Title] | |
| Date: | Date: | |
EXHIBIT L
TO
FRANCHISE DISCLOSURE DOCUMENT
ADDITIONAL DISCLOSURE FOR THE FRANCHISE DISCLOSURE DOCUMENT OF BYRIDER FRANCHISING PARTNERS, LLC
The following are additional disclosures for the Franchise Disclosure Document of Byrider Franchising Partners, LLC required by various state franchise laws.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the 'Effective Date' in relation to the Byrider Veteran Discount Addendum to the Franchise Agreement refers to the date on which the addendum becomes active and legally binding. The addendum supplements the original Franchise Agreement, and in case of conflicts, the terms of the addendum take precedence. The document states that the parties execute and deliver the addendum on specific dates, but it becomes effective as of the 'Effective Date' mentioned within the addendum itself.
For a prospective Byrider franchisee, this means that the terms outlined in the Veteran Discount Addendum, such as the reduced initial franchise fee of $50,000, only come into effect starting from the 'Effective Date'. It's important to note that all other terms of the original Franchise Agreement remain in full force and effect unless specifically altered by the addendum.
In the context of the Acceptance and Assumption of Obligations agreement, the Effective Date is explicitly defined as the date Byrider signs the agreement. This date is shown beneath Byrider's signature on the signature page. This clarifies that the obligations and terms within that specific agreement are active from the date of Byrider's signature, providing a clear starting point for the franchisee's responsibilities and Byrider's commitments.