Does Ledgers anticipate that ongoing claims and legal proceedings will materially and adversely affect the company's financial condition or results of operations?

According to Ledgers's 2025 Franchise Disclosure Document, Ledgers acknowledges being subject to various claims and legal proceedings that arise in the ordinary course of its business activities. However, Ledgers's management believes that any liability resulting from these matters will not have a material adverse effect on the company's financial condition or results of operations. This statement reflects management's current assessment of the situation.

This assessment is significant for prospective franchisees because it suggests that Ledgers does not foresee any major financial disruptions stemming from ongoing legal issues. However, it is important to note that this is a forward-looking statement based on management's belief and could be subject to change if new information arises or if the outcomes of these legal proceedings differ from current expectations.

While Ledgers's management does not anticipate a material adverse effect, the existence of claims and legal proceedings inherently carries some level of risk. Franchisees should consider this factor and perhaps seek further clarification from Ledgers regarding the nature and potential impact of these legal matters as part of their due diligence process.