What should I do if I find something untrue in the Ledgers Franchise Disclosure Document?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
As to franchises governed by the New York franchise laws, if any of the terms of the Disclosure Document are inconsistent with the terms below, the terms below control.
1. Cover Page
The following information is added to the cover page of the Franchise Disclosure Document:
INFORMATION COMPARING FRANCHISORS IS AVAILABLE. CALL THE STATE ADMINISTRATORS LISTED IN EXHIBIT A OR YOUR PUBLIC LIBRARY FOR SERVICES OR INFORMATION. REGISTRATION OF THIS FRANCHISE BY NEW YORK STATE DOES NOT MEAN THAT NEW YORK STATE RECOMMENDS IT OR HAS VERIFIED THE INFORMATION IN THIS FRANCHISE DISCLOSURE DOCUMENT. IF YOU LEARN ANYTHING IN THIS FRANCHISE DISCLOSURE DOCUMENT IS UNTRUE, CONTACT THE FEDERAL TRADE COMMISSION AND THE APPROPRIATE STATE OR PROVINCIAL AUTHORITY. THE FRANCHISOR MAY, IF IT CHOOSES, NEGOTIATE WITH YOU ABOUT ITEMS COVERED IN THE FRANCHISE DISCLOSURE DOCUMENT. HOWEVER, THE FRANCHISOR CAN NOT USE THE NEGOTIATING PROCESS TO PREVAIL UPON A PROSPECTIVE FRANCHISEE TO ACCEPT TERMS THAT ARE LESS FAVORABLE THAN THOSE SET FORTH IN THIS FRANCHISE DISCLOSURE DOCUMENT.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, prospective franchisees in New York have specific guidance if they find something untrue in the document. The FDD states that if you learn anything in the Franchise Disclosure Document is untrue, you should contact the Federal Trade Commission and the appropriate state or provincial authority.
This instruction is part of the New York state addendum to the FDD, meaning it specifically applies to individuals considering a Ledgers franchise in New York. The disclosure emphasizes the importance of accurate information and provides clear steps for a franchisee to take if they identify any discrepancies.
It also highlights that the registration of the franchise by New York State does not mean that New York State recommends it or has verified the information in the Franchise Disclosure Document. This serves as a reminder that prospective franchisees should conduct their own due diligence and seek independent advice to verify the information provided. This instruction does not appear in the general disclosure, or in the addenda for other states, so it is specific to New York.