Does the Budget FDD include a copy of the Confidentiality Agreement?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
ITEM 22 CONTRACTS
A copy of the following contracts are included with this disclosure document:
Confidentiality Agreement Exhibit D Budget Rent A Car System License Agreement, including Nondisclosure and Noncompetition Agreement Exhibit H SBA Addendum Exhibit H-1 General Release Exhibit H-2 Rental System Agreement Exhibit I
Source: Item 22 — CONTRACTS (FDD pages 79–80)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, a copy of the Confidentiality Agreement is included as part of the FDD. Specifically, Item 22 lists the contracts included with the disclosure document. This indicates that prospective franchisees will have the opportunity to review the Confidentiality Agreement in detail before entering into a franchise agreement with Budget.
The Confidentiality Agreement is listed as Exhibit D. This agreement likely outlines the terms and conditions under which a prospective licensee can review Budget's confidential information, such as the Standard Operating Manual, before making a final decision about purchasing a franchise.
By providing the Confidentiality Agreement within the FDD, Budget aims to ensure transparency and provide potential franchisees with a clear understanding of their obligations regarding the protection of Budget's proprietary information. This allows franchisees to seek legal counsel and fully assess the implications of the agreement before signing any binding documents.