What are the requirements for a Byrider franchisee to renew or extend the franchise term?
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). | |
| d. |
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 has the right to obtain three additional, successive franchise terms of five years each. However, if Byrider Franchising Partners is still in the business of licensing new franchises, the franchisee can obtain unlimited successive franchises of five-years each, as long as they continue to meet the qualifications and conditions for each renewal term.
To renew or extend the franchise term, a Byrider franchisee must request to obtain a successive franchise term, comply with the existing Franchise Agreement, and fulfill all financial obligations to Byrider Franchising Partners. Additionally, the franchisee must execute all proper documents to formalize the renewal.
It is important to note that "renewal" means signing Byrider's then-current franchise agreement for a five-year successor franchise term. This new agreement could contain materially different terms and conditions, including potential changes to fees. Prospective franchisees should carefully review the terms of the renewal agreement to understand any changes from the original agreement.