What is the minimum notice Byrider must provide before suspending services for past due amounts?

According to Byrider's 2025 Franchise Disclosure Document, if a franchisee has amounts due to Licensor (as defined in the agreement) that are more than thirty days past due, Byrider must provide ten days written notice before suspending or limiting the franchisee's access to services. These services relate to data processing and other functions related to the 'buy-here-pay-here' automobile sales and collection management systems.

This means that if a Byrider franchisee fails to pay amounts owed to Byrider within 30 days of the due date, Byrider has the right to suspend the franchisee's access to essential software and systems. However, Byrider must first provide the franchisee with a written warning at least ten days in advance of taking such action. This gives the franchisee a short window to resolve the outstanding payments and avoid disruption to their business operations.

This policy is important for prospective franchisees to understand, as it highlights the importance of maintaining timely payments to Byrider. Failure to do so can result in the interruption of critical services needed to manage sales, collections, and other day-to-day operations. Franchisees should ensure they have sufficient financial resources and management practices in place to meet their payment obligations to Byrider and avoid potential service disruptions.