factual

What is the full citation for the Wisconsin Franchise Investment Law that may supersede the Ledgers Franchise Agreement?

Ledgers Franchise · 2025 FDD

Answer from 2025 FDD Document

The State of Wisconsin has a statute, the Wisconsin Franchise Investment Law, Wis. 553.01, et. seq., and Wis. Adm. Code Chapter DFI-Sec. 31.01, et seq., which may supersede the Franchise Agreement in your relationship with the franchisor including the areas of termination and renewal of your franchise. There may also be court decisions which may supersede the Franchise Agreement in your relationship with the franchisor including the areas of termination and renewal of your franchise. the event of a conflict of laws, the provisions of the Wisconsin Franchise Investment Law, Wis§ 553.01, et. seq., and Wis. Adm. Code Chapter DFI-Sec. 31.01, et seq., shall prevail.

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to Ledgers's 2025 Franchise Disclosure Document, the Wisconsin Franchise Investment Law, Wis. 553.01, et. seq., and Wis. Adm. Code Chapter DFI-Sec. 31.01, et seq., may supersede the Ledgers Franchise Agreement. This means that certain provisions of the franchise agreement, particularly those related to termination and renewal, might be overridden by Wisconsin state law.

For a prospective franchisee, this is important because Wisconsin law could provide additional protections or different requirements than what is outlined in the standard Ledgers Franchise Agreement. For example, the FDD states that the Wisconsin Fair Dealership Law prohibits Ledgers from terminating, canceling, not renewing, or making substantial changes in competitive circumstances without good cause, even if the standard agreement allows it under certain conditions.

The FDD also notes specific instances where Wisconsin law takes precedence. Ledgers must allow franchisees to file civil lawsuits in Wisconsin for claims arising under the Wisconsin Franchise Investment Law, regardless of what the standard agreement says about venue. Additionally, Ledgers must provide ninety days' notice of a proposed termination and sixty days to cure any deficiency, as required by the Wisconsin Fair Dealership Law, unless the termination is due to insolvency or bankruptcy. If the termination is due to nonpayment, the franchisee has only ten days to remedy the default.

Therefore, if you are considering a Ledgers franchise in Wisconsin, it is crucial to understand your rights and obligations under both the Franchise Agreement and the Wisconsin Franchise Investment Law. Consulting with an attorney experienced in franchise law in Wisconsin is highly recommended to ensure full compliance and to protect your interests.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.