According to the receipt, what exhibits are included in the Budget disclosure document?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document issued on April 30, 2025 and effective in the franchise registration states on the dates listed in Exhibit A. This disclosure document included the following Exhibits:
- A State Agencies/Agents for Service of Process/State Effective Dates
- B Laws and Regulations Concerning the Car Rental Industry (Including Disclosures Regarding Americans with Disabilities Act)
- C FTC Consent Orders
- D Confidentiality Agreement
- E List of Franchisees
- F List of Former Franchisees and Franchisees Who Have Not Been in Communication with Budget
- G Financial Statements of Avis Budget Group, Inc.
- H Budget Rent A Car System License Agreement, including Nondisclosure and Noncompetition Agreement
- H-1 SBA Addendum
- H-2 General Release
- I Rental System Agreement
- J Intercity Rules and Regulations
- K State-Specific Additional Disclosures and Riders
- L Table of Contents of Manual
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the receipt indicates that the disclosure document includes several exhibits. These exhibits provide additional information and details about various aspects of the Budget franchise system.
Specifically, Exhibit A lists state agencies and agents for service of process, along with state effective dates for the franchise registration. Exhibit B contains laws and regulations concerning the car rental industry, including disclosures related to the Americans with Disabilities Act. Exhibit C includes FTC consent orders, while Exhibit D consists of the confidentiality agreement. Exhibit E provides a list of current franchisees, and Exhibit F lists former franchisees and franchisees who have not been in communication with Budget.
Furthermore, Exhibit G contains the financial statements of Avis Budget Group, Inc. Exhibit H includes the Budget Rent A Car System License Agreement, along with the Nondisclosure and Noncompetition Agreement, and related addenda such as the SBA Addendum (H-1) and the General Release (H-2). Exhibit I contains the Rental System Agreement, Exhibit J includes the Intercity Rules and Regulations, Exhibit K provides state-specific additional disclosures and riders, and Exhibit L contains the table of contents of the Budget manual. These exhibits collectively offer a comprehensive overview of the legal, financial, and operational aspects of the Budget franchise opportunity.