Under New York law, when must Byrider provide the Disclosure Document?

According to Byrider's 2025 Franchise Disclosure Document, New York law mandates that Byrider must provide the Franchise Disclosure Document (FDD) to prospective franchisees at the earlier of two occurrences: the first personal meeting between Byrider and the potential franchisee, or 10 business days before the franchisee signs a binding agreement or makes any payment to Byrider or its affiliates related to the franchise sale. This regulation ensures that potential franchisees have adequate time to review the FDD and make informed decisions.

This disclosure requirement is designed to protect prospective franchisees by giving them sufficient time to assess the franchise opportunity before committing financially or legally. The 10-business-day period allows franchisees to consult with advisors, conduct due diligence, and fully understand the terms and conditions of the franchise agreement. Byrider's adherence to this timeline is crucial for legal compliance and ethical franchising practices.

It is important for prospective Byrider franchisees in New York to note the specific timing requirements and ensure they receive the FDD in a timely manner. If Byrider fails to deliver the FDD within the stipulated timeframe, or if the document contains false, misleading, or omits material information, it could constitute a violation of federal and state laws. Franchisees are advised to report any such violations to the Federal Trade Commission and the appropriate state agency, which in New York is the NYS Department of Law, Investor Protection Bureau, as listed in Exhibit G of the FDD.