What exhibit contains the Ledgers Franchise Agreement?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
This Acknowledgment is inapplicable to Washington franchisees and the Washington Addendum applies for Washington franchisees.
Further, all representations requiring prospective franchisees to assent to a release, estoppel, or waiver of liability are not intended to nor shall they act as a release, estoppel or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law.
EXHIBIT B-FRANCHISE AGREEMENT
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Ledgers Franchise Agreement is found in Exhibit B. This exhibit is a crucial part of the FDD as it outlines the complete agreement between Ledgers and the franchisee.
Prospective franchisees should carefully review Exhibit B, as it details the obligations, rights, and responsibilities of both parties. Understanding the terms and conditions within the Franchise Agreement is essential before entering into a franchise relationship with Ledgers.
Key aspects covered in the Franchise Agreement include the scope of the franchise, duties of both Ledgers and the franchisee, property rights, transfer conditions, termination clauses, dispute resolution processes, and general provisions. Schedules attached to the agreement, such as those related to territory, automatic bank draft authorization, telephone number assignment, lease riders, and state addenda, provide further details and should also be thoroughly examined.
For Washington franchisees, it's important to note that the Acknowledgment mentioned in the exhibit is inapplicable, and a Washington Addendum applies instead. Additionally, any representations requiring prospective franchisees to release, estop, or waive liability do not act as such under Maryland Franchise Registration and Disclosure Law.