When must a Budget licensee comply with new letter and number symbol requirements for communicating rental information after receiving notice from ABCR?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Use of Symbols. Licensee agrees to use letter and number symbols for communicating rental rates, vehicle types, credit cards and other similar information related to the rental transaction which are compatible with and conform to all of the requirements, standards and specifications established from time to time by ABCR and/or the Air Traffic Conference, or other outside standard setting agency, as soon as practical but in no event later than six (6) months after notice from ABCR of said requirements, standards and specifications. The current symbol requirements are specified on Schedule 4 to Schedule F, which is attached hereto and incorporated herein by reference.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, a licensee must adopt new letter and number symbols for communicating rental information. These symbols pertain to rental rates, vehicle types, credit cards, and other similar rental transaction details. The symbols must be compatible with the requirements set by ABCR and/or the Air Traffic Conference, or another outside standard setting agency.
Budget franchisees are required to implement these new symbols as soon as practical. However, the agreement specifies a maximum timeframe for compliance. Licensees must comply with the new standards no later than six months after receiving notice from ABCR about the new requirements, standards, and specifications.
This requirement ensures that all Budget locations adhere to a unified standard for communicating rental information, which is essential for brand consistency and customer understanding. The current symbol requirements are detailed in Schedule 4 to Schedule F, which is attached to the agreement. This schedule provides franchisees with the specific guidelines they need to follow when implementing the new symbol standards.