Who are the parties to the Renewal Franchise Agreement referenced in the Byrider addendum?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Any general release provided for hereunder shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
- Other Terms. All other terms of the Renewal Franchise Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on the dates noted below, to be effective as of the Effective Date of this Addendum.
BYRIDER FRANCHISING PARTNERS, LLC [FRANCHISEE] By
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the parties to the Renewal Franchise Agreement addendum are Byrider Franchising Partners, LLC and the franchisee. This is evidenced by the signature lines included in the provided addendum examples. Specifically, the documents show signature lines for Byrider Franchising Partners, LLC, typically represented by Michael J. Onda, CEO, and signature lines for the franchisee, including name and title. In some instances, a co-franchisee may also be a party to the agreement.
This arrangement is standard in franchising, where the franchisor (Byrider Franchising Partners, LLC) grants rights and imposes obligations, and the franchisee receives those rights and agrees to those obligations. The inclusion of signature lines for both parties ensures that both Byrider and the franchisee formally agree to the terms outlined in the addendum, making it a legally binding document.
Prospective franchisees should carefully review the Renewal Franchise Agreement and any associated addenda to fully understand their rights and obligations. It is also important to note the effective date of the addendum, as indicated on the signature lines, to ensure clarity regarding when the new terms come into effect. Understanding who the parties are and their respective roles is crucial for a successful franchise relationship with Byrider.