Where is Ledgers' headquarters presently located, which determines the jurisdiction and venue for claims?

According to Ledgers' 2025 Franchise Disclosure Document, the company's headquarters is presently located in Virginia Beach, Virginia. This location is significant because it determines the jurisdiction and venue for any legal claims that may arise between Ledgers and its franchisees, except for matters subject to arbitration or claims governed by federal law.

Specifically, any lawsuits or legal proceedings (excluding arbitration) must be initiated in the state or federal court nearest to Ledgers' headquarters in Virginia Beach. This means that a franchisee, regardless of where their franchise is located, may be required to litigate any disputes with Ledgers in Virginia.

This clause has important implications for prospective franchisees. It could increase the cost and complexity of resolving disputes, as franchisees may need to hire attorneys familiar with Virginia law and travel to Virginia for court proceedings. Franchisees should consider this factor carefully and consult with legal counsel to understand the potential impact of this clause on their rights and obligations.