What section number in the Byrider Franchise Agreement discusses the requirements for a franchisee to renew or extend the 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). |
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, the requirements for a franchisee to renew or extend the term are detailed in Article 5.2 of the Franchise Agreement. Item 17 of the FDD provides a summary of this article, outlining the conditions under which a franchisee can obtain additional franchise terms.
Specifically, Byrider franchisees have the right to obtain three additional, successive franchise terms of five years each. However, if Byrider Franchising Partners is still licensing new franchises at that time, franchisees may have the right to obtain unlimited successive franchises of five-years each, provided they continue to meet the qualifications and conditions for each renewal term.
The requirements to renew or extend the franchise term include a request to obtain a successive franchise term, compliance with the Franchise Agreement, adherence to financial obligations to Byrider Franchising Partners, and the execution of proper documents. It's important to note that "renewal" involves signing Byrider's then-current franchise agreement for a five-year successor franchise term, which could contain materially different terms, including fees.