During the Restriction Period, what specific services are Ledgers franchisees prohibited from providing to any Client, except through the Franchise Business?

According to Ledgers' 2025 Franchise Disclosure Document, during the Restriction Period, a franchisee is restricted from directly or indirectly providing specific services to any client, unless it is through the Ledgers franchise business. The Restriction Period lasts for two years after the expiration or termination of the Franchise Agreement.

The specific services that Ledgers franchisees are prohibited from providing are advisory, compliance, recordkeeping, payroll, and tax services. This restriction is designed to protect the Ledgers franchise system by preventing former franchisees from competing unfairly by leveraging knowledge and relationships gained during their time as a franchisee.

This non-solicitation clause ensures that clients remain within the Ledgers system, maintaining the integrity and revenue of the franchise. It is important for prospective franchisees to understand the scope and duration of this restriction, as it will impact their ability to operate a similar business independently after leaving the Ledgers franchise system. Franchisees should seek legal counsel to fully understand the implications of this clause before signing the Franchise Agreement.