For Dollar Rent A Car, when does the Addendum become effective?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
E. This Addendum may be signed in counterparts and shall become effective upon its execution by all of the Parties, but its effective date shall be the date first above-written.
IN WITNESS WHEREOF, the Parties have entered into this Addendum on the date and year first written above.
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to the 2025 Dollar Rent A Car Franchise Disclosure Document, the Multiple-Brand Franchising Addendum becomes effective upon its execution by all parties involved. However, the effective date is specified as the date first written in the addendum.
This means that the addendum is not effective until all parties (Hertz, Dollar Rent A Car, Thrifty, and the franchisee) have signed it. The date written on the addendum serves as the official start date, assuming all signatures are in place. This ensures that all parties are in agreement before the addendum takes effect.
For prospective Dollar Rent A Car franchisees, this highlights the importance of carefully reviewing and understanding the addendum before signing. Franchisees should also ensure that the date written on the addendum accurately reflects the intended effective date. This clause protects both the franchisor and franchisee by ensuring mutual agreement and understanding of the addendum's terms before it becomes legally binding.