What is the legal effect of signing the Ledgers Franchise Agreement electronically?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement may be executed by the parties in this Agreement in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument. The Agreement may be signed and delivered electronically via email, facsimile or other means, which will each have the same legal effect as if signed in hardcopy with traditional ink.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Franchise Agreement can be executed in counterparts and signed electronically. Specifically, the agreement may be signed and delivered via email, facsimile, or other electronic means.
This means that an electronic signature has the same legal weight as a traditional signature in ink on a hard copy. This is a fairly standard practice in modern franchising, offering convenience and efficiency in finalizing agreements.
Ledgers' allowance of electronic signatures streamlines the process of becoming a franchisee, removing geographical barriers and speeding up the execution of the agreement. However, franchisees should ensure they understand all terms before signing, regardless of the signing method.