According to Ledgers' 2025 Franchise Disclosure Document, upon termination or expiration of the Franchise Agreement, a franchisee has specific obligations regarding the Manual and Confidential Information. Within ten days of termination or expiration, the franchisee must destroy any Confidential Information stored in printed or digital form and provide Ledgers with written certification of this destruction.

However, there is an exception: a franchisee may retain Confidential Information if needed solely for legal, tax, and insurance purposes. Even if retained for these reasons, the information remains subject to the confidentiality restrictions outlined in the Franchise Agreement. This means that even after the franchise relationship ends, the franchisee must continue to protect the confidentiality of this information.

In summary, while Ledgers requires the destruction of confidential information, it allows for necessary exceptions to comply with legal and financial obligations, provided the franchisee continues to uphold confidentiality standards. This is a fairly standard practice in franchising, as franchisors need to protect their proprietary information while allowing franchisees to meet their legal requirements.