Where can I find the Budget License Agreement and related agreements mentioned in Item 17?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section of the Budget License Agreement | Summary |
|---|---|---|
| q. Non-competition during the term of the franchise | 1.6 and Nondisclosure and Noncompetition Agreement | No involvement in other vehicle rental business or system in the United States. |
| r. Non-competition covenants after the franchise is terminated or expires | 11.9, 12.6, and Nondisclosure and Noncompetition Agreement | No competing business for one year in licensed territory or within five miles of licensed territory. |
| s. Modification of the agreement | 14.2(c) | Must be reduced to writing and signed by you and Budget. However, the Manual and Standards are subject to change. |
| t. Integration/merger clause | 14.2(a) | Only terms of license agreement, its exhibits, its schedules, the Standards and Transfer Requirements are enforceable. Any representations or promises outside of the disclosure document and license agreement may not be enforceable. Notwithstanding the foregoing, nothing in this or any related agreement is intended to disclaim the express representations made in the Franchise Disclosure Document, its exhibits and amendments. |
| u. Dispute resolution by |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 66–70)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Item 17 provides a summary of provisions within the Budget License Agreement and related agreements. However, it does not specify where a prospective franchisee can find the complete Budget License Agreement or the related agreements. Item 17 only references the sections of the Budget License Agreement that pertain to specific provisions, such as non-competition, termination, transfer, and dispute resolution.
To locate the full Budget License Agreement and related documents, a prospective franchisee should carefully review the exhibits attached to the Franchise Disclosure Document. Franchise agreements are typically included as exhibits.
It is essential for potential Budget franchisees to thoroughly read and understand all agreements before investing in a franchise. If the License Agreement and related agreements are not included as exhibits, a prospective franchisee should ask Budget for a copy of these agreements to review.