For Dollar Rent A Car, in what form must an amendment to the Release agreement be?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed transferee must also agree to become a Franchised System franchisee for Your Franchised Territory and/or the Location or other Locations in Your Franchised Territory that We approve;
- (b) You and any Owner execute Our then-current form of transfer, consent and release agreement, in which You and any Owner release all claims against Us, continue to be liable for all post-termination and post-expiration obligations including, but not limited to, the covenant not to compete, return of the Operations Guide and non-use of Our Marks;
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
The 2025 Dollar Rent A Car Franchise Disclosure Document (FDD) does not explicitly state the required form of an amendment to the release agreement. However, it does mention a "transfer, consent, and release agreement" that franchisees and owners must execute using the "then-current form" provided by Dollar Rent A Car.
This agreement is required when transferring a franchise. As part of the transfer process, the franchisee and any owner must release all claims against Dollar Rent A Car. They also remain liable for post-termination and post-expiration obligations, such as the covenant not to compete and the return of the Operations Guide.
To fully understand the requirements for amending a release agreement, a prospective Dollar Rent A Car franchisee should ask the franchisor for clarification on the specific procedures and forms involved. This will ensure compliance with Dollar Rent A Car's policies and any applicable legal requirements.