Does the Ledgers Franchise Agreement allow for electronic signatures?
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.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, the Franchise Agreement allows for electronic signatures. Specifically, the agreement may be signed and delivered electronically via email, facsimile, or other means. These electronic methods have the same legal effect as a hardcopy signed with traditional ink.
This provision offers convenience and flexibility for both Ledgers and the franchisee during the signing process. It eliminates the need for physical meetings or mailing documents, which can save time and reduce administrative costs. This is a fairly standard practice in modern franchising, as electronic signatures are widely accepted and legally binding.
However, prospective franchisees should ensure they have the necessary technology and software to participate in electronic signing. It would be prudent to confirm with Ledgers the specific types of electronic signature methods they accept and whether there are any specific requirements or security protocols to follow. Franchisees should also retain a copy of the fully executed agreement for their records.