How much written notice will Byrider provide before suspending or limiting a Licensee's access to the Services?

According to Byrider's 2025 Franchise Disclosure Document, Byrider will provide a Licensee with ten days written notice before suspending or limiting access to the Services. This action can be taken if any amounts due to Byrider are more than thirty days past due or as otherwise provided in the Franchise Agreement. The Services include usage, login, and access to the Licensed System for data processing and other services related to "buy-here-pay-here" automobile sales and collection management systems. These services specifically involve the generation of retail installment sales and security contracts from input data and the monitoring of receivables and collection productivity.

This means that a Byrider franchisee could have their access to critical software and systems suspended if they fail to pay amounts owed to Byrider in a timely manner. The franchisee would have a short window to resolve the payment issue to avoid interruption of these services. The suspension or limitation of services could significantly impact the franchisee's ability to manage their business operations, particularly in generating contracts and monitoring collections.

It is important for prospective Byrider franchisees to understand the payment terms and ensure they have sufficient financial resources to meet their obligations to Byrider. Franchisees should also clarify the specific circumstances, beyond past due payments, that could lead to suspension or limitation of services, as referenced by the phrase "or as otherwise provided in the Franchise Agreement." Understanding these conditions is crucial for maintaining uninterrupted access to the Licensed System and ensuring smooth business operations.