Can I deliver the Ledgers Receipt of Disclosure Document electronically?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
10.9. Counterparts
This Agreement may be executed by the parties in this Agreement in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument. The Agreement may be signed and delivered electronically via email, facsimile or other means, which will each have the same legal effect as if signed in hardcopy with traditional ink.
Exhibit H contains two copies of a Receipt of our Disclosure Document. You must sign, date and deliver one copy of the Receipt Page to us for our records.
Source: Item 23 — RECEIPTS (FDD pages 46–134)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Franchise Agreement can be signed and delivered electronically. Specifically, section 10.9 of the agreement allows for the document to be signed and delivered via email, facsimile, or other electronic means. This will have the same legal effect as a hard copy with a traditional ink signature. However, Item 23 states that you must sign, date, and deliver one copy of the Receipt Page to Ledgers for their records. It does not specify whether this must be a physical copy.
While the franchise agreement itself can be executed electronically, the FDD does not explicitly state whether the Receipt of Disclosure Document can also be submitted electronically. This distinction is important because the Receipt serves as confirmation that the franchisee received the FDD within the legally mandated timeframe before signing the agreement or making any payments.
Therefore, a prospective Ledgers franchisee should confirm with the franchisor whether they will accept the Receipt of Disclosure Document electronically or if a hard copy is required. Understanding this requirement is crucial for ensuring compliance with franchise disclosure regulations and maintaining proper documentation of the disclosure process.