Where can I find information about Byrider's 'Franchisee's Advisors'?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.9 The Franchisee's Advisors. The Franchisee has been advised to consult with its own advisors with respect to the legal, financial and other aspects of this Agreement, the business franchised hereby, and the prospects for that business. The Franchisee has either consulted with such advisors or has voluntarily declined to do so.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Article II, Section 2.9 addresses the franchisee's advisors. It states that Byrider advises franchisees to consult with their own advisors regarding the legal, financial, and other aspects of the Franchise Agreement, the franchised business, and its prospects.
This acknowledgement confirms that Byrider encourages prospective franchisees to seek independent professional advice before committing to the franchise. This is a standard practice in franchising, as it helps ensure that franchisees fully understand the obligations, risks, and potential rewards associated with the investment. Byrider is not responsible if the franchisee does not seek outside counsel.
This section also states that the franchisee either consulted with advisors or voluntarily declined to do so. This clause is likely included to protect Byrider from future claims that the franchisee did not fully understand the agreement or the business, as they had the opportunity to seek expert advice. It is important for potential franchisees to carefully consider this point and to genuinely seek advice if they feel unsure about any aspect of the franchise offering.