Does Ledgers reserve the right to supplement the marks that a franchisee may or may not use in connection with the operations of their Ledgers Franchised Business?

According to Ledgers's 2025 Franchise Disclosure Document, Ledgers retains the right to modify the trademarks that franchisees are permitted to use. Specifically, Ledgers reserves the right to supplement and modify the marks that a franchisee may or may not use when operating their Ledgers franchise.

This means that Ledgers has the authority to introduce new trademarks or change existing ones that franchisees use in their business. Franchisees are obligated to adopt and use any new marks as required by Ledgers, and they are responsible for any expenses incurred in doing so.

This condition is important for prospective franchisees to consider, as it could involve unexpected costs to update signage, marketing materials, and other branded items to comply with Ledgers's trademark modifications. Franchisees must adhere to Ledgers's written authorizations and the terms of the Franchise Agreement regarding the use of licensed marks and are prohibited from using the Licensed Marks in the name of any corporate entity that they establish.