To whom should a prospective Ledgers franchisee report a false or misleading statement in the Disclosure Document?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
If we do not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the appropriate state agency listed on Exhibit D.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, if the document contains a false or misleading statement, or a material omission, it should be reported to the Federal Trade Commission (FTC) in Washington, DC, 20580, and to the appropriate state agency listed on Exhibit D.
This instruction is included in the 'Receipt' section of the FDD, emphasizing the importance of verifying the accuracy and completeness of the information provided. Prospective franchisees should carefully review the Disclosure Document and all related agreements, and if they identify any discrepancies or omissions, they are encouraged to report them to the specified authorities.
By reporting any false or misleading statements, prospective Ledgers franchisees can help ensure transparency and compliance with franchise laws, protecting their own interests and those of other potential franchisees. This also allows the FTC and state agencies to investigate and take appropriate action against the franchisor if necessary.