What is the purpose of delivering the Receipt Page to Ledgers?

According to Ledgers' 2025 Franchise Disclosure Document, after reviewing the disclosure document, prospective franchisees must sign, date, and deliver one copy of the Receipt Page to Ledgers. This receipt serves as confirmation for Ledgers' records that the franchisee received the FDD.

This requirement is a standard practice in franchising, ensuring that franchisors can verify that franchisees have been given the opportunity to review the FDD, which contains important information about the franchise system, fees, obligations, and legal agreements. The receipt helps to document the franchisor's compliance with disclosure requirements under franchise laws.

By obtaining this signed receipt, Ledgers aims to maintain a clear record of having provided the necessary disclosures to potential franchisees, which can be important for legal and regulatory compliance. Franchisees should ensure they carefully review the entire FDD before signing the receipt to fully understand the terms and conditions of the franchise agreement.