factual

What methods can be used for electronic signature and delivery of the Ledgers Franchise Agreement?

Ledgers Franchise · 2025 FDD

Answer from 2025 FDD Document

10.9. Counterparts

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 may be executed in counterparts and can be signed and delivered electronically. Specifically, the agreement can be signed and delivered via email, facsimile, or other electronic means. These electronic methods have the same legal effect as a hardcopy signed with traditional ink.

This means a prospective Ledgers franchisee does not necessarily need to sign a physical copy of the agreement. They can use electronic signature methods and deliver the signed document via email or fax, which simplifies and speeds up the agreement process. This is a fairly standard practice in the franchise industry, as it allows for efficient processing of documents, especially when parties are geographically separated.

It is important for the franchisee to ensure that the chosen method of electronic signature and delivery is reliable and secure. They should also retain a copy of the signed agreement for their records. While Ledgers permits these methods, the franchisee bears the responsibility of ensuring the integrity and authenticity of the signed documents.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.