For Ledgers franchises in Indiana, is executing a release upon termination of the agreement mandatory or discretionary for the franchisee?

According to Ledgers' 2025 Franchise Disclosure Document, for franchises operating in Indiana, the requirement to execute a release upon termination of the Franchise Agreement is not mandatory but discretionary. This is in compliance with Indiana Code 23-2-2.7-1(5). However, the franchisee is still required to execute all other documents necessary to fully rescind all agreements between the parties under the Franchise Agreement.

This means that a Ledgers franchisee in Indiana has the option, but is not obligated, to sign a release when the franchise agreement ends. A release typically waives any claims the franchisee might have against Ledgers. This provides some protection to the franchisee, as they are not forced to give up potential legal rights as a condition of termination.

However, it's important to note that while the release is discretionary, the franchisee must still sign any other documents needed to formally end all agreements related to the franchise. This ensures that all contractual obligations are properly concluded, even if the franchisee chooses not to sign a general release. Prospective franchisees should consult with a legal professional to fully understand the implications of these provisions under Indiana law.