What must a Ledgers franchisee retain copies of after termination or expiration?

According to the 2025 Ledgers Franchise Disclosure Document, upon termination or expiration of the Franchise Agreement, a franchisee must destroy all Confidential Information stored in printed or digital form within ten days and provide written certification of destruction to Ledgers. However, the franchisee may retain Confidential Information as needed solely for legal, tax, and insurance purposes. The information retained will remain subject at all times to the confidentiality restrictions of the Agreement.

This means that while franchisees must generally eliminate all confidential data, they are permitted to keep records necessary for compliance with legal and financial obligations. This is a fairly standard practice in franchising, as franchisees often need to refer back to records for tax filings, potential audits, or legal proceedings.

It is important to note that even retained information remains subject to the confidentiality restrictions outlined in the Ledgers Franchise Agreement. This means the franchisee cannot disclose or use this information for any purpose other than legal, tax, or insurance-related matters. Franchisees should consult with legal and financial professionals to ensure they understand their obligations regarding the retention and use of confidential information post-termination or expiration.