Does the Ledgers Franchise Disclosure Document include a schedule outlining the territory?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Received | Reference | Name | |----------------------|----------------|----------------------------------------------------| | | ITEM 1-ITEM 23 | Franchise Disclosure Document | | | EXHIBIT A | State Addendum | | | EXHIBIT B | Franchise Agreement | | | Schedule 1 | Territory | | | Schedule 2 | Minimum Requirements | | | Schedule 3 | Automatic Bank Draft Authorization | | | Schedule 4A | Telephone Number Assignment | | | Schedule 4B | Lease Rider | | | Schedule 5 | Promissory Notes | | | Schedule 6 | Release | | | EXHIBIT C | Financial Statements | | | EXHIBIT D | State Administrators/Agents for Service of Process | | | EXHIBIT E-1 | List of Franchisees | | | EXHIBIT E-2 | List of Former Franchisees | | | EXHIBIT F | Table of Contents – | | | | Operations Manual | | | EXHIBIT G | State Effective Dates | | | EXHIBIT H | Receipts | 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
Schedule 1-Territory
Your Territory will be defined here.
Schedule 2- Automatic Bank Draft Authorization
Ledgers grants to you the right to operate a company ("Franchise Business") using our System and our Marks to deliver Services within the geographic boundaries identified in Schedule 1 (the "Territory") during the Term by and through the Franchisee Business Entity identified on the Summary Page and signature page of this Agreement (or as a sole proprietor or partnership if there is no business entity) and in conformity with the terms and conditions of this Agreement.
B. Protected Territory
You will not receive an exclusive territory. You may face competition from other franchisees, from outlets that we own, or from other channels of distribution or competitive brands that we control. However, you will receive a protected territory, meaning a geographical area within which we promise not to establish a company owned or franchised Ledgers location.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the franchise agreement includes a schedule outlining the territory. Specifically, Schedule 1 of the Franchise Agreement is designated for defining the franchisee's territory.
Item 1.1.A of the agreement states that Ledgers grants the franchisee the right to operate using their system and marks within the geographic boundaries identified in Schedule 1, referred to as the "Territory." This schedule is part of the overall Franchise Agreement, which also includes other schedules such as the Automatic Bank Draft Authorization.
Schedule 1, titled "Territory," is mentioned in the Table of Contents of the Franchise Agreement, confirming its inclusion as part of the agreement. This schedule is where the specific details of the franchisee's protected territory will be defined. While Ledgers does offer a protected territory, it is not exclusive, meaning franchisees may face competition from other franchisees, company-owned outlets, or other channels of distribution controlled by Ledgers.