When does the Release agreement for Dollar Rent A Car take effect?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS CONFIDENTIALITY AND NON-COMPETITION AGREEMENT (this "Agreement") is entered into on [DATE] (the "Effective Date"), by and between [HERTZ SYSTEM, INC. / DOLLAR RENT A CAR, INC. / THRIFTY RENT-A-CAR SYSTEM, LLC], a [Delaware/Oklahoma] [corporation / limited liability company] with its principal place of business at 8501 Williams Road, Estero, Florida 33928 (the "Franchisor") and, [FRANCHISEE], a [state of organization] [corporation / limited liability company / limited partnership] with its principal place of business at [Franchisee address] (the "Franchisee") and [Owner name], a person having a direct or indirect legal or beneficial interest in Franchisee, whose address is [Owner Address] ("Owner"). All capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to such terms in the Franchise Agreement.
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 Confidentiality and Non-Competition Agreement for owners becomes effective on the date it is entered into. This date is designated as "[DATE]" within the agreement and is further clarified as the "Effective Date".
This agreement is between Hertz System, Inc. / Dollar Rent A Car, Inc. / Thrifty Rent-A-Car System, LLC, the franchisee, and the owner, who has a legal or beneficial interest in the franchisee. All terms that are capitalized but not specifically defined in this agreement will carry the same meaning as defined in the Franchise Agreement.
For a prospective Dollar Rent A Car franchisee, this means that the obligations within the Confidentiality and Non-Competition Agreement, such as protecting confidential information and refraining from competitive activities, begin on the specified Effective Date. It is important to carefully review this agreement to understand the full scope of these obligations and how they might impact business operations.