Who owns the Ledgers Franchise System's intellectual property?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
5.1. Ownership
We exclusively own the Franchise System and any related copyright, trademark, service Mark, trade secret, patent right, domain name, website, telephone number or other intellectual property (collectively "Intellectual Property"). You will not undertake to obtain Intellectual Property with respect to the Franchise System. To the extent you have gained or later obtain any Intellectual Property in the Franchise System, by operation of law or otherwise, you will disclaim such Intellectual Property and will promptly assign and transfer it entirely and exclusively to us.
5.2. Client Data
Client Data is Confidential Information. We retain all right, title, and interest in and to the Client Data during and after the Term of this agreement. You maintain an economic interest in providing Services to Clients during the Term of your Franchised Business. You may use Client Data during the Term as permitted by this Agreement and our Manual as long as the use is consistent with applicable law; however, your economic interest in Client Data and use of Client Data ends upon termination of the Franchise Agreement. "Client Data" means any and all information about Clients that may be collected in connection with their use of your Services including, but not limited to, name, telephone number, address and email address.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Loyalty Business Services LLC d/b/a Ledgers exclusively owns the Franchise System and any related intellectual property. This includes copyrights, trademarks, service marks, trade secrets, patent rights, domain names, websites, telephone numbers, and other intellectual property related to the Ledgers system.
This means that as a franchisee, you will not be able to obtain any intellectual property rights related to the Ledgers Franchise System. If you happen to gain any intellectual property rights related to the Franchise System, you must transfer those rights to Ledgers.
Ledgers also retains all rights, title, and interest in client data, which is considered confidential information. While franchisees have an economic interest in providing services to clients and may use client data during the term of the agreement, this right ends upon termination of the Franchise Agreement. This ensures that Ledgers maintains control over its brand and proprietary information, while franchisees are granted the right to use these assets within the scope of their franchise agreement.