What is the purpose of the Byrider Franchise Agreement Addendum?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
lease 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_________________________________ By_________________________________ Michael J. Onda, CEO [Name], [Title] Date: Date: [CO-FRANCHISEE] By_________________________________ [Name], [Title] Date: _______________________________
EXHIBIT K
TO
FRANCHISE DISCLOSURE DOCUMENT
VETERAN DISCOUNT ADDENDUM
TO FRANCHISE AGREEMENT
| This VETERAN DISCOUNT ADDENDUM (this "Addendum") dated as of | |
|---|---|
| (the "Effective Date") amends and supplements certain terms and conditions of | |
| the Franchise Agreement dated | (the "Franchise Agreement") entered into |
| between BYRIDER FRANCHISING PARTNERS, LLC (the "Company") and | (the "Franchisee"). In the event of any conflict between the terms of the |
| Agreement and the terms of this Addendum, the terms of this Addendum shall control. | All |
| capitalized terms not otherwise defined in this Addendum shall have their respective meanings set | |
| forth in the Agreement. | |
| WHEREAS, Franchisee (or if a legal entity, Franchisee's owner(s)) [is/are] a veteran of | |
| the United |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, the Veteran Discount Addendum serves to amend and supplement specific terms and conditions within the standard Franchise Agreement for qualifying veterans. The addendum is designed for franchisees who are veterans of the United States Armed Forces, offering them a reduced initial franchise fee. This addendum takes precedence over any conflicting terms in the original Franchise Agreement, ensuring that the veteran receives the benefits outlined in the addendum.
The addendum specifically addresses the initial franchise fee, setting it at $50,000 as stated in Section 3.8 of the Franchise Agreement. This indicates that the standard initial franchise fee might be higher, and the addendum provides a discount for eligible veterans. All other terms and conditions of the original Franchise Agreement remain in full force and effect, meaning that the veteran franchisee is subject to the same obligations and responsibilities as any other franchisee, except for the adjusted initial franchise fee.
In essence, the Veteran Discount Addendum is a tool used by Byrider to provide a financial incentive to veterans interested in opening a franchise. It modifies one specific aspect of the Franchise Agreement—the initial franchise fee—while keeping all other terms intact. This type of addendum is a fairly common practice in franchising as a way to offer targeted incentives or to accommodate specific circumstances without rewriting the entire agreement.