Does the Ledgers Franchise Disclosure Document include a schedule for Telephone Number Assignment?
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 | |
| Date: | ||
| (Do not leave blank) | Signature of Prospective Franchisee | |
| Print Name |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Yes, according to the 2025 Ledgers Franchise Disclosure Document, Schedule 4A is for Telephone Number Assignment. This agreement, as detailed in Schedule 3, requires the franchisee to assign their telephone numbers to Ledgers upon termination or expiration of the Franchise Agreement.
Specifically, upon termination or expiration, the franchisee's right to use the listings terminates, and they are responsible for paying any outstanding amounts related to the listings. At Ledgers' request, the franchisee must take necessary actions to transfer the listings to Ledgers or its designated agent. This includes installing and maintaining an intercept message at the franchisee's expense, disconnecting the listings, and cooperating with Ledgers in the removal or relisting of the listings.
Ledgers may also require the franchisee to transfer all listings to Ledgers or an approved call routing and tracking vendor. This ensures that Ledgers maintains control over the phone numbers and can continue to serve clients without interruption, even after a franchise agreement ends. This is a fairly common practice in franchising, particularly in service-based businesses where maintaining consistent contact information is crucial for client retention and brand recognition.