table_specific

Where can I find Budget's policy on conformance with Federal Trade Regulations?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (f) Compliance with Law. Licensee agrees to fully comply with all applicable local, state and federal laws and regulations, including, for example, consumer protection laws and regulations relating to advertising, marketing and providing services offered and/or processed through a computer reservation system. ABCR reserves the right to refuse to communicate or otherwise transmit any information provided to it by Licensee through its designated individual(s), or otherwise, which would be in violation of any local, state or federal law or regulation and reserves the right to communicate to the public such additional information as ABCR, in its sole discretion, determines is necessary to comply with such laws and regulations.

Source: Item 23 — RECEIPTS (FDD pages 80–426)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, the policy regarding compliance with laws, including federal regulations, is outlined in Section (f) of Item 23. Specifically, the franchisee agrees to fully comply with all applicable local, state, and federal laws and regulations. This includes consumer protection laws and regulations related to advertising, marketing, and providing services through a computer reservation system. ABCR (presumably referring to Budget's reservation system) retains the right to refuse to transmit information provided by the franchisee that would violate any law or regulation. ABCR can also communicate additional information to the public as necessary to comply with such laws and regulations.

This section emphasizes Budget's commitment to legal compliance and ensures that franchisees also adhere to these standards. It also gives Budget the power to ensure compliance. For a prospective franchisee, this means they must stay informed about and adhere to all relevant laws and regulations in their business operations.

Budget's right to refuse to communicate information that violates laws or regulations protects the integrity of the Budget brand and network. It also places responsibility on the franchisee to ensure their business practices are compliant. The franchisee should seek legal counsel to understand their obligations under these laws and regulations.

Overall, this policy aims to protect both Budget and its franchisees from legal liabilities and maintain a consistent brand image across the network. Franchisees must understand and adhere to these compliance requirements to avoid potential penalties or termination of their franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.