When is a transfer fee not due to Byrider in the event of a transfer after the death or incapacity of the franchisee?

According to Byrider's 2025 Franchise Disclosure Document, in the event of the death or incapacity of the franchisee, or the death or incapacity of the franchisee's principal owner if the franchisee is a legal entity, no transfer fee is due to Byrider if the transferee is an immediate family member of the franchisee or the deceased owner (if the franchisee is an entity).

In the event of death or incapacity, the franchisee's heirs, personal representatives, executors, guardians, administrators, or conservators must complete the transfer of the franchisee's interest within 180 days to a Byrider-approved person or entity. The person to whom the interests are transferred must meet Byrider's standards for new franchisees and agree to execute the then-current franchise agreement.

The transferee must also satisfactorily complete Byrider's current Initial Training Program within 90 days of the death or legal incapacity. However, the transferee is not required to execute the current franchise agreement if they are an immediate family member of the franchisee or deceased owner. If the franchisee has a manager who has completed the training program at the time of death or incapacity, that manager is considered to have satisfied the training requirements.