Who is referred to as 'the Franchisee' in 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 Byrider's 2025 Franchise Disclosure Document, the Veteran Discount Addendum to the Franchise Agreement defines "Franchisee" as the party entering into the agreement with Byrider Franchising Partners, LLC. Specifically, the addendum is between BYRIDER FRANCHISING PARTNERS, LLC (the "Company") and the franchisee. The document also notes that if the franchisee is a legal entity, the franchisee's owner(s) may be a veteran of the United States Armed Forces.
This definition is important because the addendum modifies certain terms and conditions of the original Franchise Agreement, particularly regarding the initial franchise fee. The addendum states that the Company agrees to charge Franchisee a reduced initial franchise fee on the terms and conditions set forth in the addendum.
In the case of a veteran, the addendum specifies that the initial franchise fee will be $50,000, as opposed to the amount stated in Section 3.8 of the Franchise Agreement. All other terms of the Franchise Agreement remain in full force and effect, ensuring that the franchisee is still bound by the original agreement except for the modified initial franchise fee. The addendum must be executed by both Byrider Franchising Partners, LLC, and the franchisee to be effective.