Besides the State Agencies/Agents for Service of Process/State Effective Dates, what other 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, several exhibits are included in the disclosure document. In addition to Exhibit A, which lists State Agencies/Agents for Service of Process/State Effective Dates, the disclosure document includes Exhibits B through L.
The exhibits cover a range of topics relevant to the franchise agreement. Exhibit B contains laws and regulations concerning the car rental industry, including disclosures regarding the Americans with Disabilities Act. Exhibit C includes FTC Consent Orders, while Exhibit D is 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.
The remaining exhibits provide further details about the franchise agreement and related financial information. Exhibit G contains the financial statements of Avis Budget Group, Inc. Exhibit H includes the Budget Rent A Car System License Agreement, including the Nondisclosure and Noncompetition Agreement, with Exhibit H-1 providing the SBA Addendum and Exhibit H-2 the General Release. Exhibit I contains the Rental System Agreement, Exhibit J outlines the Intercity Rules and Regulations, Exhibit K includes state-specific additional disclosures and riders, and Exhibit L provides the table of contents of the manual.