What is Schedule 6 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 6 of the Franchise Agreement pertains to State Addenda. This is according to the table of contents of the franchise agreement.
State Addenda to the Franchise Agreement contain modifications that may supersede certain portions of the agreement, as required by applicable state law. These addenda apply to individuals residing or operating a Ledgers franchise in specific states, including Michigan, California, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia, or Wisconsin. For instance, in California, the California Franchise Investment Law takes precedence if any terms in the Disclosure Document are inconsistent with it.
Prospective Ledgers franchisees should carefully review the State Addendum applicable to their state of residence or operation to understand any specific modifications or legal requirements that may affect their franchise agreement. This ensures compliance with local laws and regulations and helps avoid potential conflicts or misunderstandings during the franchise term.