What sections of the Budget License Agreement and exhibit cover Wizard Participation for Budget franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT | ITEM IN DISCLOSURE DOCUMENT |
|---|---|---|
| ee. Wizard Participation | 6.2, 9.16, and Exhibit G of the Budget License Agreement | Items 6 and 7 |
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, Wizard participation is addressed in specific sections of the Budget License Agreement. The table provided in Item 11 outlines various obligations and their corresponding sections within the agreement and disclosure document. Specifically, Wizard Participation is covered under sections 6.2 and 9.16, as well as Exhibit G of the Budget License Agreement. These sections are further referenced in Items 6 and 7 of the disclosure document.
Wizard is identified as an online, real-time reservation system that Budget considers a significant component of the Budget Rent A Car System. Franchisees are required to participate in Wizard, highlighting its importance to the brand's operations.
Prospective franchisees should carefully review these sections of the Budget License Agreement and Exhibit G to fully understand their obligations and the terms related to Wizard participation. This includes understanding the technical requirements, costs, and operational procedures associated with the system. Additionally, franchisees should clarify any uncertainties with Budget during their due diligence process.