Where can I find more information about the Budget Programs referenced in the receipts section?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Budget also reserves the right to prepare (or cause one of its Related Entities to prepare) and make available to Licensee a monthly composite statement ("Composite Statement") for the Territory which will contain specific charges and credits relating to various programs including, the Programs referenced in Article VI.
Licensee agrees to accept reservations, abide by all terms and rates and maintain the availability of Vehicles for rent to such National Accounts.
Licensee will service such National Accounts in the same manner as is required in this Agreement for other customers of Licensee or to provide such higher level of service for the National Account customers as required by the Standards, including maintaining and sharing with the Network information about the National Account and National Account customers.
Subject to the provisions of Paragraph 9.15, Licensee agrees to comply with all of the terms and conditions of all National Account programs, as Budget may establish and modify, including rebates, damage waivers and liability insurance coverage.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, details regarding the Budget Programs can be found in Article VI of the agreement. Specifically, Paragraph 7.8 mentions that Budget may prepare a monthly composite statement that includes charges and credits related to these programs.
Paragraph 6.1 indicates that these programs include National, Travel Programs, and other account participation. As a franchisee, you'll be expected to accept reservations, adhere to the terms and rates, and ensure vehicle availability for these National Accounts. You must also provide the same level of service to National Account customers as you do to your other customers, or a higher level of service if required by Budget's Standards.
Furthermore, you are obligated to comply with all terms and conditions of the National Account programs, including any rebates, damage waivers, and liability insurance coverage that Budget establishes or modifies. It is important to review Article VI and Paragraph 7.8 in detail to fully understand the requirements and financial implications of participating in these programs.