If a Ledgers franchisee violates the Manual, is that a curable or non-curable default?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
We may terminate this Agreement, if the following conditions remain within thirty (30) days after sending you notice and an opportunity to cure:
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- You violate any other term or condition of this Agreement, the Franchisee Operations Manual, or any other agreement with us; or
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- Any amount owing to us from you is more than 30 days past due.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 38–41)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, violating the Franchisee Operations Manual is a curable default. Ledgers may terminate the Franchise Agreement if the franchisee violates any term or condition of the Agreement, the Franchisee Operations Manual, or any other agreement with Ledgers, but only if the conditions remain within thirty (30) days after Ledgers sends notice and an opportunity to cure.
This means that if a Ledgers franchisee violates the Operations Manual, they will be given a 30-day period to correct the issue after receiving notice from Ledgers. If the franchisee rectifies the violation within this timeframe, Ledgers cannot terminate the agreement.
This cure period provides an opportunity for franchisees to address and resolve any operational issues or breaches of the manual, potentially avoiding termination of their franchise agreement. However, if the franchisee fails to cure the violation within the 30-day period, Ledgers has the right to terminate the agreement.