Where in the Byrider franchise agreement and its exhibits can I find information about the guarantee of franchisee obligations?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligation | Section in agreement | Disclosure document item |
|---|---|---|
| o. Advertising | Section 10 of franchise agreement | Items 6 and 11 |
| p. Indemnification | Section 11.3 of franchise agreement | Items 6, 11 and 13 |
| q. Owner's participation/management/staffing | Sections 6.1, 6.6, 6.8, 6.9 and 7.11 of franchise agreement | Item 15 |
| r. Records and reports | Sections 13.1 and 13.2 of franchise agreement | Item 11 |
| s. Inspections and audits | Section 13.3 of franchise agreement | Items 6 and 11 |
| t. Transfer | Section 14 of franchise agreement | Items 6 and 17 |
| u. Renewal | Sections 5.2 and 5.3 of franchise agreement | Item 17 |
| v. Post-termination obligations | Section 17 of franchise agreement | Item 17 |
| w. Non-competition covenants | Section 18 of franchise agreement | Item 17 |
| x. Dispute resolution | Section 19 of franchise agreement | Item 17 |
| y. Other: Guarantee of franchisee obligations (Note 1) | Section 3.6 and Exhibit C of franchise agreement | Items 1 and 15 |
Notes:
(1) Each individual who owns a 50% or greater interest in a franchisee that is a corporation or other business entity must sign a personal guaranty and assumption of franchisee's obligations (Exhibit C), provided that if no one individual owns 50% or greater interest in franchisee, individuals who together own at least 50% interest in franchisee must sign a personal guaranty and assumption of franchisee's obligations (Exhibit C)
Source: Item 9 — Franchisee's Obligations (FDD pages 40–41)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations. Specifically, information regarding the guarantee of franchisee obligations can be found in Section 3.6 and Exhibit C of the franchise agreement. This information is also related to Items 1 and 15 of the disclosure document.
This means that prospective Byrider franchisees can refer to these specific sections within the franchise agreement and its exhibits to understand the details and requirements related to guaranteeing their obligations under the franchise agreement. Exhibit C is a personal guaranty and assumption of franchisee's obligations.
The FDD also notes that each individual who owns a 50% or greater interest in a franchisee that is a corporation or other business entity must sign a personal guaranty and assumption of franchisee's obligations (Exhibit C). If no one individual owns 50% or greater interest in the franchisee, individuals who together own at least 50% interest in franchisee must sign a personal guaranty and assumption of franchisee's obligations (Exhibit C).