For Ledgers franchises in Indiana, what specific Indiana Code section relates to the requirement that the Franchisee must execute a release upon termination of the Agreement?

According to Ledgers' 2025 Franchise Disclosure Document, for franchises operating in Indiana, Indiana Code 23-2-2.7-1(5) addresses the requirement for a franchisee to execute a release upon termination of the franchise agreement. Specifically, this section states that any requirement compelling the franchisee to execute a release upon termination is not mandatory but discretionary.

This means that while Ledgers may present a release document at the termination of the agreement, Indiana franchisees are not obligated to sign it. 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 provision protects the franchisee from being forced into relinquishing rights or claims against Ledgers as a condition of termination, offering a degree of legal flexibility. Prospective franchisees should be aware of this protection and consult with legal counsel to understand the full implications before signing any documents related to the termination of their Ledgers franchise.