In the Minnesota Rider to the Budget Rental System Agreement, who are the parties involved?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Rider is made and entered into this day of , |
|---|
| , by and between Budget Rent A Car System, Inc., a Delaware corporation ("Budget"), |
| 20 |
| and |
| d/b/a Budget Rent A Car of |
| ("Licensee"). |
| 1. |
| Background. Budget |
| and Licensee |
| are |
| parties |
| to |
| that |
| certain "License |
| Agreement" dated |
| , 20 |
| that has been executed concurrently |
| with the execution of this Rider. This Rider is annexed to and forms part of the License |
| Agreement. This Rider is being executed because (a) the Budget Franchise that Licensee will |
| operate under the License Agreement is located in the State of Minnesota; and/or (b) any of the |
| offering or sales activity with respect to the License Agreement occurred in the State of |
| Minnesota. Each provision of this Rider will be effective only to the extent, with respect to such |
| provision, that the jurisdictional requirements of the Minnesota Franchise Act and its regulations |
| are met independently without reference to this Rider. |
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the parties involved in the Minnesota Rider to the Budget Rental System Agreement are Budget Rent A Car System, Inc., a Delaware corporation referred to as "Budget," and the franchisee, identified as "Licensee," doing business as Budget Rent A Car of [location].
The rider is an annex to and forms a part of the License Agreement, which both parties execute concurrently. The execution of this rider is required because the Budget franchise operated by the Licensee under the License Agreement is located in Minnesota, and/or any offering or sales activity related to the License Agreement occurred in Minnesota.
The terms within this rider are only effective if they independently meet the jurisdictional requirements of the Minnesota Franchise Act and its regulations, without relying on the rider itself.