In the Byrider FDD, what roles does the signatory hold for the franchisee and co-franchisee?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- I, «Signatory», being first duly sworn upon my oath, depose and say:
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- That I am «Signatory_Title» for «Name_of_Franchisee», «Entity_Type» ("Franchisee") and «Signatory_Title» for «CoFranchisee» ("Co-Franchisee") and have direct access to the ownership records of Franchisee and Co-Franchisee.
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- That the current stockholders/members for Franchisee and Co-Franchisee are as shown below:
| A. Franchisee: «Name_of_Franchisee», «Entity_Type» | |||||
|---|---|---|---|---|---|
| Stockholder/Member | |||||
| 1) | |||||
| 2) | |||||
| 3) | |||||
| 4) | |||||
| 5) | B. Co-Franchisee: «CoFranchisee» | ||||
| 1) | |||||
| 2) | |||||
| 3) | |||||
| 4) | |||||
| 5) | |||||
| 3. | That I will notify Byrider Franchising Partners, LLC, attn. Legal Dept., prior to any changes of ownership. Further affiant saith not. DATED this «Day» day of «Month», «Year». STATE OF COUNTY OF, SS: Subscribed and sworn to before me this day of, 20 My Commission Expires: County of Residence: | Affiant, «Signatory» | Notary Public |
Source: Item 22 — Contracts (FDD pages 87–88)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the signatory acts as a representative with direct access to the ownership records for both the franchisee and co-franchisee entities. This individual, identified as «Signatory», holds the title of «Signatory_Title» for both «Name_of_Franchisee» and «CoFranchisee».
The signatory's responsibilities include providing an affidavit of ownership, which confirms the current stockholders or members and their respective ownership percentages for both the franchisee and co-franchisee. This affidavit is a sworn statement, attesting to the accuracy of the ownership information provided to Byrider Franchising Partners, LLC.
Furthermore, the signatory is obligated to notify Byrider's legal department of any future changes in ownership. This ensures that Byrider maintains accurate and up-to-date records of the franchise's ownership structure. The document also includes spaces for the affiant's signature, notary public details, and commission expiration date, emphasizing the legal weight of the affidavit.