If the Ledgers Agreement is terminated or expires, is the Franchisee responsible for paying all amounts owed in connection with the Listings?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon expiration or termination of the Agreement for any reason, Franchisee's right of use of the Listings shall terminate. In the event of termination or expiration of the Agreement, Franchisee will pay all amounts owed in connection with the Listings, and to immediately at Franchisor's request,
- A. take any other action as may be necessary to transfer the Listings to Franchisor or Franchisor's designated agent,
- B. install and maintain, at Franchisee's sole expense, an intercept message, in a form and manner acceptable to Franchisor on any or all of the Listings;
- C. disconnect the Listings; and/or
- D. cooperate with Franchisor or its designated agent in the removal or relisting of the Listings
Franchisor may require Franchisee to "port" or transfer to Franchisor or an approved call routing and tracking vendor all Listings.
Appointment as Attorney in Fact.
For value received, Franchisee hereby irrevocably appoints Franchisor as Franchisee's attorney-in-fact, to act in Franchisee's place, for the purpose of assigning any Listings. This appointment gives to us full power to receive, transfer or assign to us or our designee or take any other actions required of Franchisee under the Agreement. Franchisee grants Franchisor full authority to act in any manner proper or necessary to the exercise of the foregoing powers, including full power of substitution and execution or completion of any documents required or requested by any telephone or other company to transfer such Listings and Franchisee ratifies every act that Franchisor may lawfully perform in exercising those powers. This power of attorney shall be effective for a period of two (2) years from the date of expiration, cancellation or termination of Franchisee's rights under the Agreement for any reason. Franchisee declares this power of attorney to be irrevocable and renounces all rights to revoke it or to appoint another person to perform the acts referred to in this instrument. This power of attorney shall not be affected by the subsequent incapacity of Franchisee. This power is created to secure performance of a duty to Franchisor and is for consideration.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, if the Franchise Agreement is terminated or expires, the franchisee is responsible for paying all outstanding amounts related to their Listings. Listings refer to telephone numbers, listings, and advertisements associated with the franchise. Upon termination or expiration of the agreement, the franchisee's right to use these Listings ends.
In addition to paying all amounts owed, Ledgers requires the franchisee to take specific actions to transfer control of the Listings back to Ledgers. This includes taking necessary steps to transfer the Listings, installing and maintaining an intercept message on the Listings at the franchisee's expense, disconnecting the Listings, and cooperating with Ledgers in the removal or relisting of the Listings. Ledgers may also require the franchisee to transfer or 'port' all Listings to Ledgers or an approved vendor.
To ensure Ledgers can manage the Listings effectively after termination, the franchisee appoints Ledgers as their attorney-in-fact. This appointment grants Ledgers the authority to act on the franchisee's behalf to assign any Listings. This power of attorney is irrevocable for two years from the date of termination or expiration of the agreement. This ensures that Ledgers has the legal means to control and transfer the Listings, which are critical for maintaining continuity and managing customer inquiries after a franchise ceases operation.