When does the Byrider Franchise Agreement become effective?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS ACCEPTANCE AND ASSUMPTION OF OBLIGATIONS (the "Agreement") is made as of the Effective Date by and between BYRIDER FRANCHISING PARTNERS, LLC ("us"), ("Franchisee"),
a
having its principal place of business at the same address as the Franchisee (the "Finance Entity"), and the undersigned Guarantors. The Effective Date is the date we sign this Agreement as shown beneath our signature on the signature page.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the Effective Date of the Acceptance and Assumption of Obligations agreement is the date that Byrider signs the agreement. The signature will be shown beneath Byrider's signature on the signature page. This agreement is between Byrider Franchising Partners, LLC and the Franchisee, and any undersigned guarantors.
This agreement pertains to the Franchisee's creation of a Finance Entity to manage the CNAC financing and collection aspects of the Byrider business. Byrider's consent to the operation of this Finance Entity is contingent upon the terms and conditions outlined in the agreement.
For prospective Byrider franchisees, this means the exact date the agreement becomes legally binding is determined by when Byrider officially signs the document. Franchisees should pay close attention to the signature page to confirm this date, as it marks the commencement of their obligations under the agreement related to the Finance Entity.