In the receipts section, who signs on behalf of Budget Rent A Car System, Inc.?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| BUDGET RENT A CAR SYSTEM, INC., a Delaware corporation ("BUDGET") and , an | This Rider is entered into this day of, 20 by and between , |
|---|---|
| ("LICENSEE"). | |
| 1. | Background. Budget and Licensee are parties to that certain License Agreement |
| dated, 20 (the "License Agreement") that has been executed | |
| concurrently with the execution of this Rider. | |
| 2. | No statement, questionnaire, or acknowledgment signed or agreed to by a |
| franchisee in connection with the commencement of the franchise relationship shall have the effect | |
| of (i) waiving any claims under any applicable state franchise law, including fraud in the | |
| inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, | |
| or other person acting on behalf of the franchisor. This provision supersedes any other term of any | |
| document executed in connection with the franchise. | |
| IN WITNESS WHEREOF, the parties hereto have executed and delivered this Rider on the day | |
| and year first above written. | PROSPECTIVE LICENSEE |
| By: Its: | |
| Accepted and Acknowledged: | |
| BUDGET RENT A CAR SYSTEM, INC. | |
| By: | |
| Its: |
| "Company" | "Franchisee" |
|---|---|
| Budget Rent A Car System, Inc., a | , |
| Delaware corporation | |
| By: | [ ] an individual |
| Name: | [ ] a general partnership; |
| Its: | [ ] a limited partnership; [ ] a limited liability company; [ ] a corporation; By: Name: Its: Date of signing: |
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the receipts section includes information regarding who signs on behalf of Budget Rent A Car System, Inc. when entering into agreements or riders. Specifically, the documents show signature lines for Budget Rent A Car System, Inc. to be signed by an individual with a specified title ('Its:').
In the context of a Rider agreement, Budget Rent A Car System, Inc. is 'Accepted and Acknowledged' with a signature line for 'By:' and 'Its:'. Similarly, for agreements between the 'Company' (Budget Rent A Car System, Inc.) and the 'Franchisee,' there are signature lines for both parties, including 'By:', 'Name:', and 'Its:' for Budget.
Prospective franchisees should note that the exact title of the person signing on behalf of Budget may vary depending on the specific document or agreement. It is important to carefully review all agreements and related documents to understand the roles and responsibilities of all parties involved.