What schedules are included as part of the Ledgers Franchise Agreement exhibit?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Received | Reference | Name |
|---|---|---|
| EXHIBIT B | Franchise Agreement | |
| Schedule 1 | Territory | |
| Schedule 2 | Minimum Requirements | |
| Schedule 3 | Automatic Bank Draft Authorization | |
| Schedule 4A | Telephone Number Assignment | |
| Schedule 4B | Lease Rider | |
| Schedule 5 | Promissory Notes | |
| Schedule 6 | Release |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Franchise Agreement includes several schedules. These schedules provide further details and specifications related to different aspects of the franchise operation.
Schedule 1 outlines the franchisee's designated territory. Schedule 2 details the minimum requirements that a franchisee must meet. Schedule 3 contains the Automatic Bank Draft Authorization form, which is likely used for recurring payments to Ledgers. Schedules 4A and 4B cover the Telephone Number Assignment and Lease Rider, respectively. Schedule 5 pertains to Promissory Notes, while Schedule 6 includes a Release agreement.
Prospective franchisees should carefully review each of these schedules within the Franchise Agreement to fully understand their rights, responsibilities, and the specific terms governing their franchise. Understanding these schedules is crucial before signing the agreement.