What happens if a Byrider franchisee's business is attached and how long does the franchisee have to vacate the attachment to avoid termination?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- (4) The Franchisee makes an assignment for the benefit of creditors or admits in writing its insolvency or inability to pay its debts generally as they become due; the Franchisee consents to the appointment of a receiver, trustee, or liquidator of all or a substantial part of its property; the Franchisee's Business is attached, seized, subjected to a writ or distress warrant, or levied upon, unless the attachment, seizure, writ, warrant, or levy is vacated within thirty (30) days; or any order appointing a receiver, trustee, or liquidator of the Franchisee or the Franchisee's Business is not vacated within thirty (30) days following the order's entry;
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, if a franchisee's business is attached, seized, subjected to a writ or distress warrant, or levied upon, Byrider may terminate the franchise agreement. However, the franchisee has an opportunity to prevent termination.
Specifically, Byrider will only terminate the agreement if the franchisee does not vacate the attachment, seizure, writ, warrant, or levy within thirty (30) days. This means a franchisee has a limited time frame to resolve the legal or financial issues that led to the attachment in order to maintain their franchise rights.
This condition is in place to protect Byrider's brand and ensure the financial stability of its franchisees. An attachment or levy suggests financial distress, which could negatively impact the Byrider's reputation and the franchisee's ability to operate the business effectively. Franchisees should be aware of this clause and take immediate action if their business faces such legal actions.