Can the Byrider franchise agreement be modified orally?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
BYRIDER FRANCHISING PARTNERS, LLC ("Franchisor"), through the use of this document, desires to ascertain (a) that the undersigned, individually and as a representative of any legal entity established to acquire the franchise rights ("Franchisee"), fully understands and comprehends that the purchase of a BYRIDER sales finance franchise is a business decision, complete with its associated risks, and (b) that Franchisee is not relying upon any oral statement, representations, promises or assurances during the negotiations for the purchase of the franchise which have not been authorized by the Franchisor. In that regard, the undersigned acknowledges that:
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Byrider seeks to ensure that franchisees acknowledge they are not relying on any unauthorized oral statements during franchise negotiations. Specifically, Byrider Franchising Partners, LLC wants to confirm that the franchisee understands that purchasing a Byrider franchise is a business decision with associated risks. They also want to ensure the franchisee isn't depending on any oral statements, representations, promises, or assurances that the franchisor hasn't authorized during negotiations. This suggests that Byrider aims to avoid disputes based on claims of verbal agreements or promises not documented in the written Franchise Agreement.
This acknowledgment is crucial for prospective franchisees because it highlights the importance of documenting all agreements and understandings in writing. If a franchisee relies on an oral promise that is not included in the written agreement, they may have difficulty enforcing that promise. This policy protects Byrider from potential misunderstandings or misrepresentations made during the negotiation process.
Therefore, a prospective Byrider franchisee should ensure that all material terms and conditions are clearly stated in the written Franchise Agreement. They should not rely on any verbal assurances or promises made by the franchisor's representatives unless those assurances are explicitly included in the written contract. This will help protect the franchisee's interests and avoid potential disputes in the future.