In the Budget Rent A Car System, Inc. agreement, what exhibit number is associated with the Licensee?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT E RENTAL SYSTEM AGREEMENT
(See Exhibit I of Franchise Disclosure Document)
EXHIBIT F BUDGET TRANSFER REQUIREMENTS
In order to assure the quality of service, operational uniformity, integrity and continued success of the network of mutually interdependent vehicle rental businesses operating under the "Budget" name (the "Network"), it is essential that Budget Rent a Car System, Inc. ("Budget") ensure that each Licensee satisfy the financial, managerial and operational standards, methods, and procedures that Budget periodically implements for the Network (the "Rent a Car System"). Thus, Budget's consideration of a transfer involves a managerial judgment made by Budget based on its assessment of the licensor-licensee relationship in connection with the long-range needs and continued success of the Network. Therefore, Budget sets forth below Requirements, which will apply to all licensees who wish to transfer ownership or control of their Budget License Agreement or their Budget Rent a Car business operated pursuant thereto (the "Rental Business"). These Requirements will not constitute a waiver of or otherwise limit Budget's or a Licensee's rights under any Budget License Agreement and will not constitute an amendment or other modification to the terms and provisions of the Transferring Licensee's License Agreement.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Exhibit E, the Rental System Agreement, references Exhibit I of the Franchise Disclosure Document. The document also refers to the Licensee as operating a Budget Rent A Car Business under a license agreement with Budget Rent A Car System, Inc. The Licensee also receives rental agreement processing services from Avis Budget Car Rental, LLC.
Budget's consideration of a transfer involves a managerial judgment made by Budget based on its assessment of the licensor-licensee relationship in connection with the long-range needs and continued success of the Network. The Licensee shall be exclusively licensed by Budget to use the System and the Marks to conduct a Rental Business offering for rental the types of vehicles designed primarily for transporting passengers, including sport utility vehicles ("SUVs") of any size, crossovers, passenger vans of any occupancy and smaller than medium duty pick-up trucks.
Several states, including New York require that Budget give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Several states, including Michigan, require that Budget give you this disclosure document at least 10 business days before execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.