In the event of a Ledgers franchisee's death or incapacity, what expenses is Ledgers entitled to reimbursement for?

According to Ledgers' 2025 Franchise Disclosure Document, in the event of a franchisee's death or incapacity, Ledgers is entitled to reimbursement from the franchisee's estate for reasonable expenses incurred while continuing the operation of the franchised business. This reimbursement covers the period from the date of death or incapacity until the business is either transferred to a new franchisee or the agreement is terminated.

In addition to the reimbursement of reasonable expenses, Ledgers is also entitled to 10% of the Gross Revenues generated during the period in which they operate or assist in the operation of the franchised business. This additional percentage serves as compensation for Ledgers' involvement in maintaining the business during the interim period.

This provision ensures that Ledgers can maintain continuity and service to clients while the franchisee's estate addresses the transfer or termination of the franchise agreement. It also provides Ledgers with compensation for their efforts in managing the business during this transition, covering both direct expenses and a portion of the revenue generated.