What section of the Budget License Agreement addresses additional development in the Territory for Budget franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT | ITEM IN DISCLOSURE DOCUMENT |
|---|---|---|
| dd. Additional | 8.6 of the Budget License Agreement | Item 12 |
| development in | ||
| Territory |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–61)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, additional development in a franchisee's territory is addressed in Section 8.6 of the Budget License Agreement. This information is also referenced in Item 12 of the disclosure document.
For prospective Budget franchisees, this means that the specific terms and conditions regarding the possibility of developing additional Budget locations within their designated territory are detailed in Section 8.6 of their license agreement. Item 12 of the FDD also contains information related to this topic.
It is important for potential franchisees to carefully review Section 8.6 of the Budget License Agreement and Item 12 of the FDD to fully understand their rights and obligations regarding additional development opportunities. This includes understanding any requirements, restrictions, or conditions that Budget may impose on such development.