Does the Byrider Finance Entity Agreement constitute the entire understanding between the parties regarding the transaction it contemplates?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Miscellaneous. This Agreement constitutes the entire understanding between the parties with respect to the transaction this Agreement contemplates. This Agreement may be executed in multiple copies, each of which will be deemed an original. Signatures transmitted via facsimile or scanned and emailed shall be given the same force and effect as an original.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the Finance Entity Agreement constitutes the entire understanding between the parties with respect to the transaction the agreement contemplates. This is explicitly stated in section 6 of the agreement, titled "Miscellaneous".
This clause means that any prior agreements, discussions, or understandings that are not written into the Finance Entity Agreement are not considered part of the contractual relationship. A prospective Byrider franchisee should ensure that all terms and conditions they deem important are included in the written agreement. This protects both Byrider and the franchisee by providing clarity and preventing disputes based on verbal agreements or understandings that are not documented.
Such integration clauses are standard in franchise agreements to provide certainty and limit liability. Franchisees should be aware that they cannot rely on any promises or representations made by Byrider representatives that are not included in the written agreement. It is important to carefully review the entire agreement and seek legal counsel to ensure that all terms are understood and acceptable before signing.