According to Ledgers' 2025 Franchise Disclosure Document, in the event of death or incapacity, your executor, personal representative, or guardian has specific deadlines to meet in order to transfer your franchise rights. Incapacity is defined as a condition that prevents you from reasonably carrying out your duties under the agreement for 30 consecutive days.

Within 60 days of your death or incapacity, your representative must seek a transfer of your rights under the Franchise Agreement. The transfer must be completed within six months of your death or incapacity. Additionally, all monies owed to Ledgers, including the transfer fee, must be paid, and the then-current transfer and release form must be signed.

If these steps are not initiated within 60 days or completed within the six-month timeframe, Ledgers has the right to terminate the Franchise Agreement. The person or entity to whom the franchise rights are transferred must meet Ledgers' standard requirements for transferees, complete initial training, and enter into a new Franchise Agreement on the then-current form.

During the transfer period, an interim operator can be appointed, who must also meet the standard transferee requirements, except for the requirement to enter into a new Franchise Agreement. Ledgers is entitled to reimbursement from your estate for reasonable expenses incurred in continuing services from the date of death or incapacity until the transfer or termination, plus 10% of Gross Revenues for the period in which they operate or assist in the operation of the franchised business.