Is the Byrider Franchise Agreement Addendum a standalone agreement?
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 re |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, the Veteran Discount Addendum is not a standalone agreement. Instead, it is designed to amend and supplement the terms and conditions outlined in the existing Franchise Agreement. This means the Addendum works in conjunction with the Franchise Agreement, modifying specific aspects while leaving the rest of the original agreement intact.
For a prospective Byrider franchisee who qualifies for the veteran discount, this Addendum would alter certain financial obligations, such as the initial franchise fee. Specifically, the Veteran Discount Addendum explicitly states that it amends Section 3.8 of the Franchise Agreement, changing the initial franchise fee to $50,000. However, all other terms and conditions of the Franchise Agreement remain in full force and effect, ensuring that the franchisee is still bound by the original agreement's stipulations except where explicitly modified by the Addendum.
This structure is typical in franchising, where addenda are used to customize agreements for specific situations (e.g., veterans, specific territories, or unique business arrangements) without requiring a completely new contract. In the event of any conflict between the Franchise Agreement and the Veteran Discount Addendum, the terms of the Addendum will take precedence. This ensures clarity and protects the franchisee by clearly defining which terms apply in cases of discrepancy.