Is a request required to obtain a successive franchise term with Byrider?
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, a franchisee must request a successive franchise term to renew their franchise agreement. Specifically, the FDD outlines that to renew the franchise, a franchisee must meet certain requirements, including submitting a request to obtain a successive franchise term.
In addition to submitting a request, the franchisee must also comply with the existing Franchise Agreement and fulfill all financial obligations to Byrider Franchising Partners. Furthermore, the franchisee is required to execute the necessary documents to finalize the renewal.
It is important to note that the "renewal" of the franchise involves signing Byrider's then-current franchise agreement, which may include terms that are materially different from the original agreement. These changes could potentially include adjustments to fees or other operational requirements. Therefore, prospective franchisees should carefully review the terms of the new franchise agreement before committing to a renewal.