What is the full name of the company entering into the Rider agreement with Budget franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| between Budget Rent A Car System, Inc., a | Delaware corporation ("Budget") and |
|---|---|
| , d/b/a Budget Rent A Car of, | |
| ("Licensee"). | |
| 1. | |
| Background. Budget and Licensee are parties to that certain License Agreement |
...
| This Rider is made and entered into as of the day of , 20 by | |
|---|---|
| and between Avis Budget Car Rental, LLC. (hereinafter referred to as "Avis Budget Car | |
| Rental") and d/b/a Budget Rent A Car of | |
| ("Licensee"). | |
| 1. | |
| Background. Avis Budget Car Rental and Licensee are parties to that certain |
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the full name of the company entering into the Rider agreement with Budget franchisees can vary depending on the specific agreement. In some cases, the agreement is with "Budget Rent A Car System, Inc., a Delaware corporation." In other instances, the agreement is with "Avis Budget Car Rental, LLC".
Specifically, Budget Rent A Car System, Inc. enters into a Rider agreement related to a Confidentiality Agreement or a License Agreement. Avis Budget Car Rental, LLC enters into a Rider agreement related to a Rental System Agreement.
The Rider is annexed to and forms part of either the License Agreement or the Rental System Agreement. The Rider's execution depends on factors such as the franchisee's residency, the location of the Budget franchise, and where the offering or sales activity occurred. The terms of the Rider are only effective if they independently meet the jurisdictional requirements of the relevant state's franchise laws, such as those in Illinois or New York, without relying on the Rider itself.