Does Ledgers' right to impose Interim Remedies affect any other rights or remedies they may have in the franchise agreement?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
You understand, acknowledge, and agree that our exercise of our right to impose Interim Remedies will not result in actual or constructive termination or abandonment of this Agreement, and that our right to Interim Remedies is in addition to, and apart from, any other right or remedy we may have in this Agreement. If we exercise the right to Interim Remedies, the exercise will not be a waiver of any breach by you of any term, covenant or condition of this Agreement. You will not be entitled to any compensation, including repayment, reimbursement, refund or offsets, for any fees, charges, expenses or losses you may directly or indirectly incur by reason of our exercise and/or withdrawal of any Interim Remedy. Interim Remedies include:
- (a) we may suspend the provision of all technology and software services provided to you pursuant to this Agreement, including any tax, accounting or bookkeeping software and/or website services; and
- (b) we may suspend our ongoing support, and the performance of all other obligations set forth in Section 3 of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the right to impose Interim Remedies does not affect any other rights or remedies Ledgers may have in the franchise agreement. Exercising the right to impose Interim Remedies will not result in actual or constructive termination or abandonment of the agreement.
Ledgers' right to Interim Remedies is in addition to, and apart from, any other right or remedy they may have in the Agreement. If Ledgers exercises the right to Interim Remedies, the exercise will not be a waiver of any breach by the franchisee of any term, covenant or condition of the Agreement.
The franchisee will not be entitled to any compensation, including repayment, reimbursement, refund or offsets, for any fees, charges, expenses or losses they may directly or indirectly incur by reason of Ledgers' exercise and/or withdrawal of any Interim Remedy. Interim Remedies include the suspension of technology and software services, including tax, accounting or bookkeeping software and/or website services, and the suspension of ongoing support and the performance of all other obligations set forth in Section 3 of the Agreement.