What section of the Budget License Agreement addresses dispute resolution?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT | ITEM IN DISCLOSURE DOCUMENT |
|---|---|---|
| x. Dispute Resolution | 14.9 to 14.13 of the Budget License Agreement XIX of the Intercity Program | Item 17 |
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, dispute resolution is addressed in sections 14.9 to 14.13 of the Budget License Agreement and Item XIX of the Intercity Program. This information is also referenced in Item 17 of the FDD.
For a prospective Budget franchisee, this means that any disagreements or conflicts that arise with Budget during the franchise term will be governed by the procedures outlined in these specific sections of the License Agreement. It is important for franchisees to carefully review these sections to understand the process for resolving disputes, which may include mediation, arbitration, or litigation.
Understanding the dispute resolution process is crucial, as it dictates how and where any legal conflicts with Budget will be handled. Franchisees should pay close attention to provisions regarding governing law, venue, and any requirements for mandatory arbitration, as these can significantly impact their rights and options in case of a dispute. Consulting with an attorney to fully understand these terms is advisable before signing the Franchise Agreement.