Does Byrider rely on the truthfulness of information provided by the franchisee in applications and financial statements?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.11 The Franchisee Information. The Franchisee affirms that all information set forth in any and all applications, financial statements and submissions to the Company is true, complete and accurate in all respects, with the Franchisee expressly acknowledging that the Company is relying upon the truthfulness, completeness and accuracy of such information. No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, Byrider requires franchisees to affirm that all information provided in applications and financial statements is true, complete, and accurate. Byrider explicitly states that it relies on the truthfulness, completeness, and accuracy of this information. This acknowledgment is part of the agreement the franchisee enters into with Byrider.
This reliance on the franchisee's information has significant implications. If a franchisee provides false or misleading information, Byrider may take legal action based on the franchisee's breach of contract and misrepresentation. The franchisee's affirmation serves as a legal basis for Byrider to hold the franchisee accountable for the accuracy of the submitted data.
It is important for prospective Byrider franchisees to understand the importance of providing truthful and accurate information during the application process. Any misrepresentation, even if unintentional, could have serious legal and financial consequences. Franchisees should carefully review all documents and statements before submitting them to Byrider to ensure their accuracy and completeness.