Who is authorized to modify the Ledgers Franchise Agreement on behalf of the franchisor?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
10.2. Modification
No modifications to this Agreement will have any effect unless such modification is in writing and signed by you and by our authorized officer. We may, however, modify the provisions of the Manual, without your consent.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, modifications to the Franchise Agreement must be in writing and signed by both the franchisee and an authorized officer of Ledgers. This requirement ensures that any changes to the agreement are formally documented and agreed upon by both parties, preventing misunderstandings or disputes.
This clause protects both Ledgers and the franchisee by requiring mutual consent and written documentation for any changes. It prevents unauthorized individuals from altering the agreement and ensures that all modifications are officially recognized. This is a standard practice in franchising, as it provides clarity and legal certainty to the franchise relationship.
However, Ledgers retains the right to modify the provisions of its Manual without the franchisee's consent. Franchisees should be aware that while the Franchise Agreement itself requires mutual written modification, the operating manual can be changed unilaterally by Ledgers. Franchisees should carefully review the manual and understand that its contents are subject to change.