Does the Byrider Franchise Agreement Addendum replace the Renewal Franchise Agreement entirely?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 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.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, the Franchise Agreement Addendum does not replace the Renewal Franchise Agreement entirely. The addendum serves to amend or supplement specific terms of either the standard Franchise Agreement or the Renewal Franchise Agreement, while all other terms not specifically addressed by the addendum remain in full effect.
For instance, the Veteran Discount Addendum modifies the initial franchise fee outlined in Section 3.8 of the Franchise Agreement, setting it at $50,000. However, it explicitly states that all other terms of the Franchise Agreement remain in full force. Similarly, another addendum deletes certain sections of the Renewal Franchise Agreement, such as those pertaining to 'Opening,' 'Initial Franchise Fee,' and 'Right to Terminate Prior to Opening,' but it also affirms that all other terms of the Renewal Franchise Agreement continue to apply.
This approach ensures that only the intended modifications are implemented, providing clarity and preventing unintended consequences that could arise from a complete replacement of the original agreement. Franchisees should carefully review both the original agreement and any addenda to fully understand their rights and obligations. This is a fairly typical approach in franchising, where addenda are used to modify specific terms without rewriting the entire contract.