According to Ledgers's 2025 Franchise Disclosure Document, the Franchise Agreement is included as an exhibit. Specifically, Exhibit B to the Ledgers Disclosure Document is the Franchise Agreement. Prospective franchisees should carefully review this agreement, as it outlines the contractual obligations, rights, and responsibilities of both Ledgers and the franchisee.

Additionally, the FDD includes several addenda and modifications to the Franchise Agreement that may apply based on the franchisee's location. For example, there are state-specific addenda for California, Illinois, Indiana, and Washington that address issues such as termination rights, non-compete clauses, and fee deferrals. These addenda take precedence over conflicting terms in the standard Franchise Agreement, ensuring compliance with local laws.

The Franchise Agreement itself covers various aspects of the franchise relationship, including the scope of the franchise, the term and renewal conditions, the duties of both Ledgers and the franchisee, property rights, transfer conditions, termination conditions, dispute resolution processes, and general provisions. Schedules attached to the agreement define the franchisee's territory and outline the automatic bank draft authorization process. Understanding these components is crucial for any prospective Ledgers franchisee to assess the full scope of their investment and operational responsibilities.