Where in the Byrider Franchise Agreement can I find information about renewal or extension of the term?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Provision | Section in | | | 1 10 13 10 11 | Franchise | | | | Agreement or | | | | other | | | | agreement | | b. | Renewal or extension | Articles 5.2 and | | D. | of the Term | 5.3 | | | or the renn | 0.0 | | C. | Requirements for you | Article 5.2 | | | to renew or extend | | | | | |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 56–63)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, information regarding the renewal or extension of the franchise term can be found in Articles 5.2 and 5.3 of the Franchise Agreement.
The FDD states that franchisees have the right to obtain three additional, successive franchise terms of five years each. However, if Byrider Franchising Partners is still in the business of licensing new franchises, franchisees have the right to obtain unlimited successive franchises of five-years each, as long as they continue to meet the qualifications and conditions for each renewal term.
To renew or extend the franchise term, Article 5.2 specifies that franchisees must request to obtain a successive franchise term, comply with the Franchise Agreement, fulfill their financial obligations to Byrider Franchising Partners, and execute the proper documents. The FDD clarifies that "renewal" means signing Byrider's then-current franchise agreement for a five-year successor franchise term, which could contain materially different terms, including fees.