What is the cure period for non-payment of sums due under the Ledgers Franchise Agreement in Wisconsin?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
If the reason for termination, cancellation
or non-renewal or substantial change in competitive circumstances is nonpayment of sums due under the Franchise Agreement, Franchisee shall still be entitled to (90) days written notice, as referenced above, however, Franchisee shall only have ten (10) days in which to remedy such default from the date of delivery or post of such notice.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Wisconsin franchisees have specific protections regarding franchise termination due to non-payment. While the standard Franchise Agreement might specify a longer cure period, Wisconsin law mandates that Ledgers must provide a 90-day written notice of termination. However, the franchisee only has ten days to remedy the non-payment from the date they receive the notice.
This ten-day cure period is significantly shorter than the cure periods often found in franchise agreements, which can range from 30 days or more. This means a Ledgers franchisee in Wisconsin needs to act very quickly if they receive a termination notice for non-payment to avoid losing their franchise.
This Wisconsin-specific addendum is crucial for prospective franchisees to understand, as it modifies the standard terms of the Ledgers Franchise Agreement to comply with Wisconsin law. Franchisees should be aware of these shorter cure periods and ensure they have systems in place to address any payment issues promptly.