Under which exhibit can I find the General Release related to the Budget franchise?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document issued on April 30, 2025 and effective in the franchise registration states on the dates listed in Exhibit A. This disclosure document included the following Exhibits:
- A State Agencies/Agents for Service of Process/State Effective Dates
- B Laws and Regulations Concerning the Car Rental Industry (Including Disclosures Regarding Americans with Disabilities Act)
- C FTC Consent Orders
- D Confidentiality Agreement
- E List of Franchisees
- F List of Former Franchisees and Franchisees Who Have Not Been in Communication with Budget
- G Financial Statements of Avis Budget Group, Inc.
- H Budget Rent A Car System License Agreement, including Nondisclosure and Noncompetition Agreement
- H-1 SBA Addendum
- H-2 General Release
- I Rental System Agreement
- J Intercity Rules and Regulations
- K State-Specific Additional Disclosures and Riders
- L Table of Contents of Manual
Source: Item 22 — CONTRACTS (FDD pages 79–80)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the General Release can be found in Exhibit H-2. Item 23 lists all the exhibits included in the disclosure document, and Exhibit H-2 is specifically designated as the General Release. This is important for prospective franchisees as the General Release likely contains legally binding terms that could affect their rights and obligations. Franchisees should carefully review this exhibit to understand the scope and implications of the release before signing any agreements.
Understanding the contents of the General Release is crucial because it may involve waiving certain claims or rights against Budget. Franchise agreements often include such releases to protect the franchisor from potential liabilities. Therefore, prospective franchisees should seek legal counsel to fully comprehend the terms and potential impact of the General Release on their investment and business operations.
In addition to the General Release, Item 23 lists other important exhibits such as the franchise agreement (Exhibit H), financial statements (Exhibit G), and lists of current and former franchisees (Exhibits E and F). Reviewing all these exhibits will provide a comprehensive understanding of the franchise opportunity and the relationship between the franchisee and Budget.