Where can the specific amount for the fees that a Byrider licensee must pay to the licensor be found?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Licensee shall pay to Licensor the amount specified in Appendix B, attached hereto and incorporated herein by reference, in accordance with the terms specified in Appendix B.
The Initial Fee shall be paid within thirty (30) days of execution of this Agreement.
The Conversion Fee shall be paid within thirty (30) days of the initial usage of the Licensed System.
The Monthly Usage Fee shall be paid by the 15th of each month for the previous month's usage.
The Custom Support Fee shall be paid within thirty (30) days of invoicing.
The Monthly Usage Fee and Custom Support Fee are subject to an increase or decrease at the discretion of the Licensor.
An increase per fee shall not occur more than once per calendar year and is subject to at least ninety (90) days advance notice to the Licensee.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the specific amounts for fees that a licensee must pay to Byrider are detailed in Appendix B. The licensee is obligated to pay the amounts specified in Appendix B, which is attached to and incorporated into the agreement. This includes the Initial Fee, Conversion Fee, Monthly Usage Fee, and Custom Support Fee. The Initial Fee and Conversion Fee are due within thirty days of the execution of the agreement and initial usage of the licensed system, respectively. The Monthly Usage Fee is due by the 15th of each month for the previous month's usage, and the Custom Support Fee is due within thirty days of invoicing.
It's important to note that the Monthly Usage Fee and Custom Support Fee are subject to change at Byrider's discretion. However, Byrider can only increase a fee once per calendar year and must provide at least ninety days' advance notice to the licensee. This provision ensures that licensees have some predictability and time to adjust to any changes in these fees.
Prospective franchisees should carefully review Appendix B to understand the full scope of fees they will be required to pay to Byrider. Additionally, they should inquire about the typical range and frequency of changes to the Monthly Usage Fee and Custom Support Fee to better anticipate potential costs over the term of the agreement.