What item in the Budget Disclosure Document relates to additional development in the Territory for Budget franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT | ITEM IN DISCLOSURE DOCUMENT |
|---|---|---|
| dd. Additional | 8.6 of the Budget License Agreement | Item 12 |
| development in | ||
| Territory |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–61)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Item 12 is related to additional development in the territory for Budget franchisees. Specifically, the table provided in Item 11 cross-references the obligations outlined in the Budget License Agreement with the corresponding items in the disclosure document.
This cross-reference indicates that Section 8.6 of the Budget License Agreement, which pertains to additional development in the territory, is connected to Item 12 of the FDD. This implies that Item 12 contains information relevant to a franchisee's obligations and the franchisor's expectations regarding further development within their designated territory.
For a prospective Budget franchisee, this means that Item 12 is a crucial section to review to understand the requirements and opportunities for expanding their Budget franchise operations within their territory. It would detail the conditions under which additional development is permitted or required, and any support or resources Budget provides for such expansion.