For a Ledgers franchisee, what is the section in the Franchise Agreement that defines curable defaults?

Question

Accepted Answer

| Provision                                                                 | Section In Franchise Agreement | Summary                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------------------------------------------------------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a. Length of the franchise term b. Renewal or extension of the term | 1.2.A 1.2.B | 10 years. Can be renewed for successive terms if you are in compliance with your Franchise Agreement ("Agreement"). |
| c. Requirements for you to renew or extend | 1.2.B | Renewing your Franchise Agreement means that you are able to continue your operations as a franchisee for an additional term. You must sign a general release of claims, notify us in writing at least 90 days before the expiration of the Agreement, and sign our then current Agreement, which may not contain materially different terms and conditions than your original contract. |
| d. Termination by franchisee | 7.2 | You may terminate the Agreement if you sell the franchise pursuant to the terms of the Franchise Agreement, do not renew, or under any grounds permitted by applicable state law. |
| e. Termination by franchisor | None | Not applicable |
| without cause |  |  |
| f. Termination by franchisor | 8.2., 8.3 | We can terminate only if you default. |
| with cause |  |  |
| g. "Cause" defined – curable defaults | 8.3 | Violate the Agreement, Manual, any other agreement with us, or owe monies to us more than 30 days past due, and do not cure such breach within 30 days after notice. |

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 38–41)

For a Ledgers franchisee, what is the section in the Franchise Agreement that defines curable defaults?

Answer from 2025 FDD Document

What This Means (2025 FDD)

Provision	Section In Franchise Agreement	Summary
a. Length of the franchise term b. Renewal or extension of the term	1.2.A 1.2.B	10 years. Can be renewed for successive terms if you are in compliance with your Franchise Agreement ("Agreement").
c. Requirements for you to renew or extend	1.2.B	Renewing your Franchise Agreement means that you are able to continue your operations as a franchisee for an additional term. You must sign a general release of claims, notify us in writing at least 90 days before the expiration of the Agreement, and sign our then current Agreement, which may not contain materially different terms and conditions than your original contract.
d. Termination by franchisee	7.2	You may terminate the Agreement if you sell the franchise pursuant to the terms of the Franchise Agreement, do not renew, or under any grounds permitted by applicable state law.
e. Termination by franchisor	None	Not applicable
without cause
f. Termination by franchisor	8.2., 8.3	We can terminate only if you default.
with cause
g. "Cause" defined – curable defaults	8.3	Violate the Agreement, Manual, any other agreement with us, or owe monies to us more than 30 days past due, and do not cure such breach within 30 days after notice.