In the Byrider franchise agreement, what information is captured for both the Licensor and Licensee signatures?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| 40. | Amendment. No one has authority to amend this Agreement on behalf of |
|---|---|
| Licensor except an officer of Licensor in writing. | |
| BYRIDER FRANCHISING PARTNERS, LLC ("Licensor") | «Name_of_Franchisee», «Entity_Type» ("Licensee") |
| Signature: | Signature: |
| Michael J. Onda, CEO | «Signatory»«Signatory_Title» |
| Date: «Month» «Day», «Year» | Date: «Month» «Day», «Year» |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Exhibit D to the franchise agreement outlines the Byrider Software Services and User Agreement, which requires specific information to be captured for both the Licensor and Licensee signatures. For the Licensor, Byrider Franchising Partners, LLC, the agreement captures the signature of Michael J. Onda, CEO. For the Licensee, the agreement captures the franchisee's name and entity type, the signatory's name and title, and the date of signing for both parties. This information is essential for legally binding the agreement.
This level of detail in capturing signatory information is standard practice in franchise agreements. It ensures clarity and accountability, reducing the potential for disputes regarding the agreement's validity. Prospective Byrider franchisees should ensure that all information is accurately filled out and that they understand the implications of the agreement before signing.
It is important to note that the agreement explicitly states that no one has the authority to amend the agreement on behalf of Byrider except an officer of Byrider in writing. This provision protects Byrider from unauthorized modifications to the agreement and underscores the importance of adhering to the established amendment procedures.