What provisions must a Budget licensee attempt to include in its licenses, concession agreements, leases, and permits?

According to Budget's 2025 Franchise Disclosure Document, a licensee must use its best efforts to include certain provisions in its licenses, concession agreements, leases, and permits. Specifically, Budget requires that the licensee attempt to secure terms that provide Budget with written notification of any default by the licensee under these agreements. Furthermore, the licensee must try to ensure Budget has the opportunity to cure the default within thirty days of receiving such notice.

Additionally, the licensee is obligated to seek provisions that ensure that upon termination of the License Agreement for any reason, the licenses, concession agreements, leases, and permits will be deemed assigned to Budget. This assignment is subject to Budget's acceptance. The licensee must also try to ensure that the lessor or other party to such agreements is authorized to provide Budget with all information they possess regarding the rental business.

Finally, the licensee must attempt to secure provisions that authorize Budget to enter the premises upon termination of the License Agreement to remove materials and signage containing Budget's trademarks. These stipulations are designed to protect Budget's interests and ensure a smooth transition in the event of a default or termination, which is a fairly standard practice in franchising to maintain brand consistency and control.