What is the franchisee acknowledging regarding the Dollar Rent A Car addendum?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
12. General Terms.
- A. Franchisee acknowledges that it has received, read and understood this Addendum; that Hertz, Dollar and Thrifty have adequately explained the provisions of the Addendum to Franchisee's satisfaction; and that Franchisee has been accorded ample time and opportunity to consult with advisors of Franchisee's own choosing about the potential benefits and risks of entering into this Addendum.
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to the 2025 Dollar Rent A Car FDD, the franchisee acknowledges several key points regarding the Multiple-Brand Franchising Addendum. Specifically, the franchisee confirms they have received, read, and understood the addendum. This acknowledgment is crucial as it signifies the franchisee's awareness of the addendum's contents and implications.
Furthermore, the franchisee acknowledges that Dollar Rent A Car, along with Hertz and Thrifty, has adequately explained the provisions of the addendum to their satisfaction. This indicates that the franchisee has had the opportunity to seek clarification and gain a comprehensive understanding of the addendum's terms. The franchisee also confirms they have been given ample time and opportunity to consult with advisors of their choosing regarding the potential benefits and risks associated with entering into the addendum.
This acknowledgment serves to protect Dollar Rent A Car by confirming that the franchisee is entering into the agreement with full knowledge and understanding of its terms. It also helps to minimize potential disputes or claims that may arise later due to a lack of awareness or understanding of the addendum's provisions. This is a common practice in franchising to ensure both parties are fully informed and agree to the terms of the agreement.