What schedules are included as part of Exhibit B, the Franchise Agreement, for a Ledgers franchise?

According to the 2025 Ledgers Franchise Disclosure Document, Exhibit B, the Franchise Agreement, includes several schedules. These are Schedule 1, which defines the territory granted to the franchisee; Schedule 2, outlining the minimum requirements; Schedule 3, which is the Automatic Bank Draft Authorization form; Schedule 4A, concerning Telephone Number Assignment; Schedule 4B, which is the Lease Rider; Schedule 5, related to Promissory Notes; and Schedule 6, which contains a release.

These schedules are integral parts of the Franchise Agreement and cover various aspects of the franchise relationship, from defining the franchisee's territory to outlining financial and legal obligations. For a prospective franchisee, understanding these schedules is crucial as they detail specific rights, responsibilities, and requirements.

The inclusion of schedules like the Automatic Bank Draft Authorization and Promissory Notes indicates the financial commitments a franchisee must be prepared to make. The Territory schedule is particularly important as it defines the geographic area where the franchisee can operate, although it's important to note that Ledgers franchisees do not receive an exclusive territory. The Release schedule signifies a legal waiver of certain claims against Ledgers, which a franchisee should carefully review with legal counsel.

Overall, these schedules provide a comprehensive overview of the key terms and conditions of the Ledgers franchise agreement, enabling potential franchisees to make informed decisions.