What is the Ledgers franchisee required to do with any intellectual property gained in the Franchise System?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
We exclusively own the Franchise System and any related copyright, trademark, service Mark, trade secret, patent right, domain name, website, telephone number or other intellectual property (collectively "Intellectual Property"). You will not undertake to obtain Intellectual Property with respect to the Franchise System. To the extent you have gained or later obtain any Intellectual Property in the Franchise System, by operation of law or otherwise, you will disclaim such Intellectual Property and will promptly assign and transfer it entirely and exclusively to us.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Ledgers exclusively owns the Franchise System and all related intellectual property. This includes copyrights, trademarks, service marks, trade secrets, patent rights, domain names, websites, and telephone numbers.
Ledgers franchisees are prohibited from attempting to obtain any intellectual property rights related to the Franchise System. If a franchisee inadvertently or by operation of law gains any intellectual property rights within the Franchise System, they are obligated to disclaim those rights.
Furthermore, the franchisee must promptly assign and transfer any such intellectual property entirely and exclusively to Ledgers. This ensures that Ledgers maintains complete control and ownership over its Franchise System's intellectual property.