What page of the FDD discusses Budget's exclusive ownership?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
MARKS AND SYSTEM
2.1 Budget's Exclusive Ownership. Budget represents that it has applied for or is applying for registration in the Territory of the Marks. Licensee acknowledges and agrees that Budget, or one of its Related Entities, owns all rights to and interest in the Marks, and has exclusive ownership of the System, and that Licensee's use of the Marks, or any variation thereof, and any goodwill established thereby inures to the exclusive benefit of Budget. Licensee agrees not to contest, or assist anyone else in contesting, at any time during or after the term of this Agreement, in any manner, the validity of Budget's exclusive ownership of and rights to the Marks, the
limitations on Licensee usage (as defined below and in the then-current Standards) or any element of the System, whether now existing or hereafter created or obtained.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Budget's exclusive ownership is discussed in Item 23, Receipts. Specifically, section 2.1 of Item 23 details Budget's exclusive ownership of the marks and the system.
Budget asserts that they have applied for registration of their marks within the designated territory. As a franchisee, you must acknowledge and agree that Budget, or one of its related entities, retains all rights and interest in these marks and has exclusive ownership of the Budget system. Any goodwill that arises from your use of the marks benefits Budget exclusively.
Furthermore, as a Budget franchisee, you are prohibited from contesting or assisting others in contesting the validity of Budget's ownership and rights to the marks, limitations on usage, or any element of the system, both during and after the term of the franchise agreement. This clause emphasizes the importance of protecting Budget's intellectual property and brand identity, and it ensures that franchisees recognize and respect Budget's exclusive rights.