Does the Ledgers Franchise Agreement specify who is considered a 'franchise seller'?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
The 2025 Ledgers Franchise Disclosure Document (FDD) does not explicitly define who is considered a 'franchise seller.' However, the document references 'franchise seller' in the context of disclaiming reliance on statements made by them. This suggests that a 'franchise seller' is someone acting on behalf of Ledgers during the franchise sales process.
Item 22 of the Ledgers FDD discusses contracts and includes a provision that no statement, questionnaire, or acknowledgment signed by a franchisee can waive claims under state franchise law or disclaim reliance on statements made by Ledgers, a franchise seller, or someone acting on their behalf. This implies that a franchise seller is an individual or entity representing Ledgers in the sale of franchises.
Prospective franchisees should seek clarification from Ledgers regarding who specifically is authorized to act as a 'franchise seller' on their behalf. Understanding this will help franchisees determine the validity and reliability of information received during the franchise sales process and protect their rights under applicable state franchise laws.