Does the Ledgers Franchise Agreement specify the effective date?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Intending to be bound all the provisions expressed in this Agreement, on ("Effective Date") the authorized representatives of each Party affix his or her signature below to signify acceptance. Franchisee Entity: Ledgers Franchisee Entity Address Signator Signator Address
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the Franchise Agreement does specify an effective date. The agreement commences upon its Effective Date and lasts for a term of ten years.
Furthermore, the signature page of the Ledgers Franchise Agreement includes a space to indicate the Effective Date, where authorized representatives of each party affix their signature to signify acceptance of the agreement's provisions.
Additionally, franchisees must begin operations no later than twelve months from the Effective Date. Failure to open within this timeframe may result in termination of the agreement without any refund to the franchisee.