Under what conditions does the Byrider Guaranty become null and void?

According to Byrider's 2025 Franchise Disclosure Document, the Guaranty becomes null and void when the franchisee's business is transferred, according to the terms and conditions of the Franchise Agreement. This transfer must be to a buyer approved by Byrider. The approved buyer must also execute Byrider's current franchise agreement, including the owner guaranty.

This condition protects Byrider by ensuring that any new franchisee taking over an existing location meets their standards and is also bound by the same obligations as the original franchisee. The requirement for the new franchisee to sign the current franchise agreement and owner guaranty ensures that Byrider maintains consistent control and financial security across its franchise network.

For a prospective Byrider franchisee, this means that if they decide to sell their franchise, the guaranty they signed will be released only if the buyer is approved by Byrider and agrees to step into the same legal and financial obligations. This provides a clear path for exiting the franchise system without remaining liable under the guaranty, provided Byrider's conditions are met.