Who is the Releasee, according to the Ledgers release agreement?

According to the 2025 Ledgers Franchise Disclosure Document, the Releasee in the release agreement is Loyalty Business Services LLC, which does business as Ledgers. This is the entity that is being released from claims by the Releasor, who is the franchisee.

This means that when a franchisee signs a release, they are agreeing not to pursue legal action against Ledgers (Loyalty Business Services LLC) under the conditions outlined in the release agreement. These conditions often involve the renewal of the franchise agreement, the transfer of rights and duties, or other specific considerations. The release protects Ledgers from potential liabilities related to the franchise relationship, except for specific exclusions.

It is important for a prospective Ledgers franchisee to carefully review the release agreement and understand the scope of the claims they are waiving. The agreement typically includes a release of claims against Ledgers, its agents, employees, officers, directors, members, area representatives, franchisees, successors, assigns, and affiliates. Franchisees should be aware of the implications of signing such a release, especially concerning potential future disputes or issues that may arise during the franchise term.

Certain state laws, such as those in California, Maryland, and other states listed in the FDD, may provide additional protections or limitations regarding the scope and enforceability of release agreements in franchise relationships. Franchisees should consult with legal counsel to fully understand their rights and obligations before signing any release related to their Ledgers franchise.