What does 'renewal' mean in the context of the Byrider franchise agreement?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Section in | |||
|---|---|---|---|
| Franchise | |||
| Provision | Agreement or | Summary | |
| 1 10 13 10 11 | other | Summary | |
| agreement | |||
| b. | Renewal or extension | Articles 5.2 and | You have the right to obtain three |
| D. | of the Term | 5.3 | additional, successive franchise |
| or the renn | 0.0 | terms of five years each. However, | |
| if Byrider Franchising Partners is | |||
| then still in the business of licensing | |||
| new franchises, you will have the | |||
| right to obtain unlimited successive | |||
| franchises of five-years each, so | |||
| long as you continue to meet the | |||
| qualifications and conditions for | |||
| each renewal term. | |||
| C. | Requirements for you | Article 5.2 | Requirements include a request to |
| to renew or extend | obtain successive franchise term, | ||
| compliance with the Franchise | |||
| Agreement and with your financial | |||
| obligations to Byrider Franchising | |||
| Partners, execution of proper | |||
| documents. "Renewal" means | |||
| signing our then current franchise | |||
| agreement for a five-year successor | |||
| franchise term, which could contain | |||
| materially different terms (including | |||
| Toursingstion | A | fees). |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 56–63)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, renewal refers to the process of extending the franchise term. A Byrider franchisee has the right to obtain three additional, successive franchise terms, each lasting five years. However, if Byrider Franchising Partners is still in the business of licensing new franchises, the franchisee may obtain unlimited successive five-year franchise terms, provided they continue to meet the qualifications and conditions for each renewal term.
To renew the franchise agreement, a Byrider franchisee must request a successive franchise term and comply with the existing Franchise Agreement, including all financial obligations to Byrider Franchising Partners. The franchisee must also execute the necessary documents to formalize the renewal.
It is important to note that "renewal" involves signing Byrider's then-current franchise agreement, which may contain materially different terms and conditions, including potential changes to fees. This means that the terms in place during the original agreement may not be the same upon renewal, and a franchisee should carefully review the new agreement to understand any changes before signing.