Does the Byrider franchise agreement include acknowledgements regarding existing franchisees, and if so, on what page is this discussed?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
To induce the Company to enter into this Agreement the Franchisee acknowledges, warrants and represents as follows.
- 2.2 Existing Franchisees. Prior to the execution of this Agreement, the Franchisee had the opportunity to contact all existing franchisees of the Company.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the franchise agreement includes acknowledgements. Specifically, Article II of Item 23 discusses acknowledgements that the franchisee makes to induce Byrider to enter into the agreement.
Section 2.2 states that prior to the execution of the agreement, the franchisee had the opportunity to contact all existing franchisees of the company. This acknowledgement confirms that Byrider provides prospective franchisees with the opportunity to communicate with current franchisees, allowing them to gather first-hand information about the business and the franchise system.
This is a standard practice in franchising, as it allows potential franchisees to conduct their due diligence and make informed decisions. Byrider's inclusion of this acknowledgement in the franchise agreement underscores the importance of this opportunity and confirms that franchisees have been given access to this information.