factual

What schedule specifies the current symbol requirements for communicating rental rates, vehicle types, and credit cards for a Budget franchise?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (e) Use of Symbols. Licensee agrees to use letter and number symbols for communicating rental rates, vehicle types, credit cards and other similar information related to the rental transaction which are compatible with and conform to all of the requirements, standards and specifications established from time to time by ABCR and/or the Air Traffic Conference, or other outside standard setting agency, as soon as practical but in no event later than six (6) months after notice from ABCR of said requirements, standards and specifications. The current symbol requirements are specified on Schedule 4 to Schedule F, which is attached hereto and incorporated herein by reference.

Source: Item 23 — RECEIPTS (FDD pages 80–426)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, franchisees must use specific letter and number symbols to communicate rental rates, vehicle types, credit cards, and other rental transaction information. These symbols must align with the requirements, standards, and specifications set by ABCR (presumably Budget's parent company) and/or the Air Traffic Conference, or another outside standard-setting agency.

Budget franchisees are expected to implement these symbol requirements as soon as practical, but no later than six months after receiving notice from ABCR. The specific details of these current symbol requirements are outlined in Schedule 4 to Schedule F, which is attached to and incorporated into the franchise agreement by reference.

This requirement ensures consistency and standardization across the Budget system in how rental information is communicated. This standardization likely aims to facilitate clear communication with customers and efficient processing of rental transactions. Franchisees should carefully review Schedule 4 to Schedule F to understand the specific symbol requirements and ensure their systems and processes comply with these standards.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.