What section of the Ledgers FDD Item 17 does the language in point 4 replace?

According to Ledgers' 2025 Franchise Disclosure Document, for franchises governed by New York franchise laws, the language in point 4 replaces the "Summary" section of Item 17(d), titled "Termination by franchisee". The replacement language states: "You may terminate the agreement on any grounds available by law."

This means that the standard termination provisions in Item 17(d) of the Ledgers Franchise Disclosure Document, which typically outline specific conditions and procedures for a franchisee to terminate the agreement, are superseded by the statement that a franchisee in New York can terminate the agreement on any grounds available by law. This modification ensures that New York franchisees are afforded the full protection of New York law regarding their right to terminate the franchise agreement.

For a prospective Ledgers franchisee in New York, this is a beneficial term. It provides greater flexibility and protection, as their termination rights are not limited to the conditions specified in the standard franchise agreement but extend to any grounds legally permissible in New York. This could include circumstances not explicitly covered in the standard agreement, offering a broader scope for legal recourse if needed.