Does a Ledgers franchisee have to post a bond if Ledgers brings suit to enforce the agreement?

According to Ledgers's 2025 Franchise Disclosure Document, a franchisee will waive any requirement that Ledgers post a bond to obtain a temporary, preliminary, or permanent injunction if Ledgers is forced to bring suit to enforce any provision of the Franchise Agreement. This waiver applies to the franchisee.

In practical terms, this means that if Ledgers believes a franchisee is violating the agreement and seeks a court order (injunction) to stop the violation immediately, the franchisee cannot demand that Ledgers first put up a bond. A bond is a sum of money held by the court that would be paid to the franchisee if the injunction turns out to be wrongly issued.

This is a significant advantage for Ledgers, as it reduces the financial risk and upfront costs associated with enforcing the Franchise Agreement. For a prospective franchisee, this means they could face immediate legal action without Ledgers having to provide financial security, potentially increasing the franchisee's financial vulnerability in a dispute.