Under which exhibit can I find the Budget Rent A Car System License Agreement?
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 Budget Rent A Car System License Agreement, including the Nondisclosure and Noncompetition Agreement, is included as Exhibit H. This is a crucial document for prospective franchisees as it outlines the complete terms and conditions of the franchise agreement.
Exhibit H-1 contains the SBA Addendum, and Exhibit H-2 contains the General Release. These additional exhibits provide further details and legal considerations related to the Budget franchise agreement.
Prospective franchisees should carefully review Exhibit H and its sub-exhibits with legal counsel to fully understand their rights and obligations before investing in a Budget franchise. Understanding the terms of the License Agreement is essential for a successful franchise operation.