Does Ledgers have any pending administrative, criminal, or civil actions alleging a felony?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
With the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A. No such party has an administrative, criminal or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust, or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or deceptive practices, or comparable civil or misdemeanor allegations.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, with the exception of what is stated above, neither Ledgers, its predecessor, any person identified in Item 2, nor any affiliate offering franchises under Ledgers' principal trademark has any pending administrative, criminal, or civil action alleging a felony.
This statement assures prospective franchisees that the key figures associated with Ledgers are not currently facing any legal actions related to felony charges. This is a standard disclosure in franchise agreements, intended to provide transparency about the legal standing of the franchisor and its associates.
It is important to note the phrase "with the exception of what is stated above," which suggests there may be other disclosures in the FDD that could provide further context. A prospective franchisee should carefully review the entire Item 3 of the FDD to understand any exceptions or additional information related to legal proceedings involving Ledgers or its key personnel.