What is Schedule 3 of the Ledgers Franchise Agreement related to?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Schedule 1 | Territory |
|---|---|
| Schedule 2 | Automatic Bank Draft Authorization |
| Schedule 3 | Telephone Number Assignment |
| Schedule 4 | Lease Rider |
| Schedule 5 | Release |
| Schedule 6 | State Addenda to the Franchise Agreement |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Schedule 3 of the Franchise Agreement pertains to telephone number assignments. This schedule outlines the agreement between Ledgers and the franchisee regarding the use and transfer of telephone numbers associated with the franchise.
Specifically, upon the expiration or termination of the Franchise Agreement, the franchisee's right to use the Listings (telephone numbers, listings, and advertisements) terminates. The franchisee is responsible for settling any outstanding amounts related to the Listings. At Ledgers' request, the franchisee must take necessary actions to transfer the Listings to Ledgers or its designated agent. This may involve installing an intercept message, disconnecting the Listings, or cooperating in the removal or relisting of the Listings.
Ledgers retains the right to require the franchisee to transfer all Listings to Ledgers or an approved call routing and tracking vendor. This ensures that upon termination or expiration of the agreement, Ledgers maintains control over the telephone numbers and associated client communications, which is crucial for business continuity and brand consistency.