What exhibit form is used for the General Release related to the Budget franchise?
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 the 2025 Budget Franchise Disclosure Document, the General Release form is included as Exhibit H-2.
This means that prospective Budget franchisees can find the exact terms and conditions of the General Release, which likely involves waiving certain rights or claims against Budget, within Exhibit H-2 of the FDD. Franchisees should carefully review this exhibit with legal counsel to fully understand its implications before signing any agreements.
Understanding the General Release is crucial, as it may impact a franchisee's ability to pursue legal action against Budget in the future. Therefore, it is essential to carefully examine Exhibit H-2 and seek legal advice to assess the potential risks and benefits before making a final investment decision.