Under what circumstances can Byrider terminate the franchise agreement immediately if amounts due are not paid?

According to the 2025 Byrider Franchise Disclosure Document, Byrider has the right to terminate the franchise agreement immediately if a franchisee fails to pay any amounts due to Byrider or its affiliates. However, this termination is not immediate in the strictest sense. Byrider must first provide the franchisee with written notice of the failure to pay.

The franchisee then has a ten (10) business day period to cure the failure, meaning they must pay the outstanding amount within that timeframe. If the franchisee does not cure the failure to pay within this ten-day period, Byrider then has the right to immediately terminate the franchise agreement.

This clause is fairly standard in franchise agreements, as timely payment of fees and other financial obligations is crucial for the franchisor's revenue and ability to support the franchise system. The inclusion of a cure period provides the franchisee with an opportunity to rectify the situation and avoid termination, which is a common practice to ensure fairness and prevent termination for minor or easily resolved payment issues.