Is executing a release upon termination of the Ledgers Franchise Agreement mandatory in Indiana?

According to Ledgers's 2025 Franchise Disclosure Document, if a Ledgers franchise is executed in and operative within the state of Indiana, any requirement that the franchisee must execute a release upon termination of the Franchise Agreement is not mandatory. Instead, it is discretionary, meaning the franchisee has the option to execute the release but is not obligated to do so.

This provision is in compliance with Indiana Code 23-2-2.7-1(5), which addresses specific aspects of franchise agreements within Indiana. However, even if executing a release is discretionary, the franchisee is still required to execute all other documents necessary to fully rescind all agreements between the parties under the Franchise Agreement.

For a prospective Ledgers franchisee in Indiana, this means that while they may have the option to decline signing a release upon termination, they must still fulfill all other contractual obligations to properly dissolve the franchise relationship. It is important to understand which documents are required for full rescission to ensure compliance with the agreement.