What is Schedule 4 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 the 2025 Ledgers Franchise Disclosure Document, Schedule 4 of the Franchise Agreement pertains to the Lease Rider. The table provided in Item 22 of the FDD outlines the various schedules attached to the agreement, with Schedule 4 specifically designated for the Lease Rider.
This means that Schedule 4 likely contains additional terms and conditions related to leasing a location for the Ledgers franchise. This could include details about the landlord's responsibilities, the franchisee's obligations regarding the leased premises, and Ledgers's rights in the event of a default or termination of the lease.
For a prospective Ledgers franchisee, understanding the Lease Rider is crucial, as it dictates the terms under which they will occupy their business premises. It is important to carefully review Schedule 4 and seek legal counsel to fully understand the implications of the lease agreement and how it interacts with the Franchise Agreement. This ensures that the franchisee is aware of their rights and responsibilities regarding the leased property and the franchisor's role in the leasing process.