Can I make changes to the Ledgers Receipt of Disclosure Document before signing it?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
ITEM 23 RECEIPTS
Exhibit H contains two copies of a Receipt of our Disclosure Document. You must sign, date and deliver one copy of the Receipt Page to us for our records. [Item 22: CONTRACTS]
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
EXHIBIT A
STATE ADDENDA TO THE DISCLOSURE DOCUMENT AND FRANCHISE AGREEMENT
The following modifications are to Loyalty Business Services LLC d/b/a Ledgers Franchise Disclosure Document and may supersede, to the extent then required by valid applicable state law, certain portions of the Franchise Agreement dated The provisions of this State Law Addendum to Franchise Disclosure Document and Franchise Agreement ("State Addendum") apply only to those persons residing or operating a Ledgers Franchised Business in the following states: Michigan, California, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia, or Wisconsin.
CALIFORNIA
As to franchises governed by the California Franchise Investment Law, if any of the terms of the Disclosure Document are inconsistent with the terms below, the terms below control.
Section 31125 of the California Corporation Code requires the franchisor to provide you with a disclosure document before asking you to agree to a material modification of an existing franchise.
Source: Item 23 — RECEIPTS (FDD pages 46–134)
What This Means (2025 FDD)
Based on the 2025 Ledgers Franchise Disclosure Document, Exhibit H contains two copies of a Receipt of Disclosure Document. The FDD states that you must sign, date, and deliver one copy of the Receipt Page to Ledgers for their records.
The FDD also states that no statement, questionnaire, or acknowledgment signed by a franchisee can waive any claims under state franchise law or disclaim reliance on statements made by Ledgers. This provision supersedes any other term of any document executed in connection with the franchise. Furthermore, California law requires Ledgers to provide a disclosure document before asking you to agree to a material modification of an existing franchise.
While the FDD does not explicitly address whether you can make changes to the Receipt of Disclosure Document, the provided information suggests that any modifications could be problematic. The requirement to sign and deliver the receipt as is, combined with the restrictions on waiving claims or disclaiming reliance, implies that the document should be signed as presented. Making changes could potentially invalidate the receipt or create legal complications.
Therefore, it is advisable to consult with a legal professional before making any alterations to the Receipt of Disclosure Document. You should also discuss any concerns or discrepancies with Ledgers directly to seek clarification and ensure compliance with franchise regulations.