Where can I find the Separation and Distribution Agreement for Budget, according to the FDD?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| EXHIBIT NO. | DESCRIPTION Separation and Distribution Agreement by and among Cendant Corporation*, Realogy Corporation, Wyndham Worldwide Corporation and Travelport Inc., dated as of July 27, 2006 (Incorporated by reference to |
|---|---|
| 2.1 | Separation and Distribution Agreement by and among Cendant Corporation, Realogy Corporation, Wyndham Worldwide Corporation, Wyndham Worldwide Corporation and Travelport Inc. |
| 2,2 | Exhibit 2.1 to the Company's Current Report on Form 8-K, dated August 1, 2006). Letter Agreement dated August 17, 2006, related to the Separation and Distribution Agreement by and among Realogy Corporation, Cendant Corporation*, Wyndham Worldwide Corporation and Travelgort Inc. Letter Agreement dated August 17, 2006, related to the Separation and Distribution Agreement by and among Realogy Corporation. Cendant Corporation*, Wyndham Worldwide Corporation and Travelgort Inc. Letter Agreement dated August 17, 2006, related to the Separation and Distribution Agreement by and among Realogy Corporation. Cendant Corporation*, Wyndham Worldwide Corporation and Travelgort Inc. Letter Agreement dated August 17, 2006 (Incorporated by reference to Exhibit 2.2 to the Company's Quarterly Report on Form 10-0 for the period ended June 30, 2007, dated August 8, 2007), dated as of July 27, 2006 (Incorporated by reference to Exhibit 2.2 to the Company's Quarterly Report on Form 8-K dated September 5, 2006). |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the Separation and Distribution Agreement by and among Cendant Corporation, Realogy Corporation, Wyndham Worldwide Corporation and Travelport Inc., dated as of July 27, 2006, is listed as Exhibit 2.1. This agreement is incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K, dated August 1, 2006.
This means that the full text of the Separation and Distribution Agreement is not physically included within the FDD document itself. Instead, the FDD references where this agreement can be found publicly. Specifically, it was filed as an exhibit to a report (Form 8-K) that Budget's parent company submitted to the Securities and Exchange Commission (SEC).
For a prospective Budget franchisee, this means you would need to access the referenced SEC filing to review the complete Separation and Distribution Agreement. You can typically find these filings on the SEC's website (www.sec.gov) using the EDGAR database. Understanding this agreement may be important as it outlines the relationships and responsibilities between Budget and other related entities.