What item of the Ledgers FDD is modified regarding the general release required for renewal, sale, or assignment/transfer?

According to Ledgers's 2025 Franchise Disclosure Document, Item 17.b of the FDD and Section 1.2.B of the Franchise Agreement are modified for franchises governed by the Maryland Franchise Registration and Disclosure Law. This modification specifically concerns the general release required as a condition of renewal, sale, and/or assignment/transfer of the franchise.

For Maryland franchisees, the modification stipulates that the general release will not apply to any liability under the Maryland Franchise Registration and Disclosure Law. This means that while a franchisee may be required to sign a general release as part of renewing, selling, or transferring their franchise, this release will not protect Ledgers from liabilities arising from violations of Maryland's franchise laws.

This modification provides an added layer of protection for franchisees in Maryland, ensuring that they do not inadvertently waive their rights under state franchise laws when signing a general release. It is important for prospective franchisees in Maryland to understand this modification and how it affects their rights and obligations under the Franchise Agreement.