factual

What section of the Byrider Renewal Franchise Agreement regarding the initial franchise fee is deleted by this addendum?

Byrider Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Initial Franchise Fee. Section 9.1 of the Renewal Franchise Agreement is hereby deleted.

Source: Item 23 — Receipts (FDD pages 88–335)

What This Means (2025 FDD)

According to the 2025 Byrider Franchise Disclosure Document, Section 9.1 of the Renewal Franchise Agreement, which pertains to the initial franchise fee, is deleted by the addendum. This means that the terms outlined in that specific section of the original agreement are no longer applicable under the renewal agreement.

For a prospective Byrider franchisee, this deletion could have significant implications. It suggests that the initial franchise fee structure or requirements may be altered or waived upon renewal. The addendum likely introduces new terms or conditions related to the initial franchise fee for franchisees who are renewing their agreements.

It is important for franchisees to carefully review the addendum and any new sections that replace the deleted Section 9.1 to understand the revised fee structure and their financial obligations upon renewal. This ensures they are fully aware of any changes in costs or payment terms associated with the initial franchise fee when renewing their Byrider franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.