Does the Ledgers Franchise Agreement specify who the 'authorized officer' is for modifications?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
10.2. Modification
No modifications to this Agreement will have any effect unless such modification is in writing and signed by you and by our authorized officer. We may, however, modify the provisions of the Manual, without your consent.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, any modifications to the Franchise Agreement must be in writing and signed by both the franchisee and Ledgers' authorized officer. This requirement ensures that all changes to the agreement are formally documented and agreed upon by both parties, preventing misunderstandings or disputes later on.
This provision is typical in franchise agreements, as it protects both the franchisee and franchisor by ensuring that any alterations to the original contract are made official and binding. Without this clause, verbal agreements or informal understandings could be difficult to enforce.
Prospective Ledgers franchisees should pay close attention to this clause, understanding that any desired changes to the Franchise Agreement must go through the proper channels and receive approval from Ledgers' authorized officer. While the FDD specifies that modifications must be signed by Ledgers' authorized officer, it does not specify who that authorized officer is. It would be prudent for a prospective franchisee to ask Ledgers who the authorized officer is and what their specific title is.