What must a Byrider franchisee do upon written approval of the proposed Business Location?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.3 Location Lease or Purchase Agreement. Upon the written approval of the proposed Business Location, the Franchisee shall execute a lease (if the Business Location is to be leased) or a binding agreement to purchase the site, the terms of which shall have been previously submitted to the Company for approval.
The Company's approval of the lease will be conditioned upon, among other things, execution by Franchisee and the landlord the form of lease addendum attached as Exhibit F hereto.
If the landlord is an affiliate of Franchisee, Franchisee must cause the landlord to execute the affiliated entity joinder attached as Exhibit G hereto.
The Company's review of and consent to the lease are limited to those provisions and items that the Company believes are necessary and appropriate solely for its own purposes and its own benefit as the licensor of the Marks and the System.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, upon receiving written approval for a proposed business location, a franchisee must execute a lease if the location is to be leased, or a binding agreement to purchase the site if the location is to be purchased. The terms of this lease or purchase agreement must have been previously submitted to Byrider for approval.
Byrider's approval of the lease is conditional and requires the franchisee and the landlord to execute a specific lease addendum, which is included as Exhibit F in the FDD. If the landlord is affiliated with the franchisee, the franchisee must ensure that the landlord executes an affiliated entity joinder, as detailed in Exhibit G of the FDD.
It's important to note that Byrider's review and consent to the lease are limited to provisions and items that Byrider believes are necessary and appropriate for its own purposes and benefit as the licensor of the Byrider marks and system. This means the franchisee should also seek independent professional advice to ensure the lease terms are favorable for their own business operations.