Where can I find information about the Budget franchisee's obligations regarding fees in the Budget License Agreement and Rental System Agreement?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT |
|---|---|
| f. Fees | Art. V and VII, and Summary Pages of the Budget License Agreement Art. III, Schedules B, C and D of the Rental System Agreement VI and Addendum A of the Intercity Rules and Regulations I.F(4) and I G of Exhibit G to the Budget License Agreement (Transfer Requirements) |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 34–37)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, a franchisee's obligations regarding fees can be found in specific sections of the Budget License Agreement and the Rental System Agreement. Item 9 outlines franchisee obligations and references Article V and VII, and the Summary Pages of the Budget License Agreement, as well as Article III, Schedules B, C, and D of the Rental System Agreement, VI and Addendum A of the Intercity Rules and Regulations I.F(4) and I G of Exhibit G to the Budget License Agreement (Transfer Requirements) for details regarding fees.
This section of the FDD serves as a roadmap, directing prospective franchisees to the precise locations within the franchise agreements where fee-related responsibilities are detailed. By consulting these specific articles, schedules, and exhibits, a potential Budget franchisee can gain a comprehensive understanding of all required fees, how they are calculated, when they are due, and the potential consequences of non-payment.
It is important for prospective franchisees to carefully review these sections with legal and financial advisors to fully grasp the financial commitments involved in operating a Budget franchise. Understanding these obligations is crucial for assessing the overall profitability and financial feasibility of the franchise investment.