What is the deadline for a Ledgers franchisee to notify the franchisor in writing about their intent to renew?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
If you wish to renew this Agreement, you must:
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- notify us in writing at least 90 days before the expiration of this Agreement;
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- execute a general release of all claims you may have against us (See Schedule 6);
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- pay any required renewal fee (if any);
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 38–41)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, a franchisee must notify Ledgers in writing at least 90 days before the expiration of the current franchise agreement if they wish to renew their franchise. This notification is a prerequisite for entering into a new franchise agreement upon completion of the current term.
In addition to providing written notice within the specified timeframe, the Ledgers franchisee must also execute a general release of all claims they may have against the franchisor. They may also be required to pay a renewal fee, if applicable at the time of renewal. Meeting these conditions ensures that the franchisee is eligible to renew their agreement under the then-current terms offered by Ledgers.
It is important for prospective Ledgers franchisees to understand these renewal terms, as failing to meet the notification deadline or other conditions could result in the franchise not being renewed. This could lead to a loss of business and the inability to continue operating under the Ledgers brand. Franchisees should mark their calendars and consult with Ledgers well in advance of the deadline to ensure they meet all requirements for renewal.