According to the Budget agreement, how can the addendum be amended?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.21 Parole Evidence Disclaimer.
This Agreement may not be modified or amended except by written agreement signed by the parties.
The words "this Agreement" as used in this Agreement and the Standards will mean any such future modifications unless otherwise indicated by the context.
No salesperson, representative or other person has the authority to bind or obligate Budget in any way, except by an instrument in writing duly executed by the president or any vicepresident of Budget.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the franchise agreement may only be modified or amended through a written agreement signed by all parties involved. This ensures that any changes to the original agreement are formally documented and agreed upon by both Budget and the franchisee, providing clarity and legal certainty.
This requirement for a written agreement protects both Budget and the franchisee by preventing misunderstandings or disputes based on verbal agreements or informal communications. It ensures that all modifications are made consciously and with mutual consent, reducing the risk of future conflicts. The phrase "this Agreement" refers to any future modifications, unless the context indicates otherwise.
Furthermore, the FDD states that no salesperson, representative, or other person has the authority to bind or obligate Budget in any way, except by a written instrument duly executed by the president or any vice president of Budget. This reinforces the importance of formal written agreements and limits the authority of individuals to make commitments on behalf of Budget, ensuring that only authorized representatives can make binding changes to the franchise agreement.