What section of the Ledgers Franchise Agreement is modified regarding the general release required for renewal, sale, or assignment/transfer?

According to the 2025 Ledgers Franchise Disclosure Document, for franchises governed by Maryland Franchise Registration and Disclosure Law, Item 17.b. of the FDD and Section 1.2.B of the Franchise Agreement are modified. This modification stipulates that the general release required as a condition of renewal, sale, and/or assignment/transfer does not apply to any liability under the Maryland Franchise Registration and Disclosure Law.

This modification ensures that Ledgers franchisees in Maryland do not waive their rights under Maryland franchise law when signing a general release for renewal, sale, or transfer. This protects the franchisee's ability to pursue claims related to violations of the Maryland Franchise Registration and Disclosure Law, even after signing a general release.

This type of modification is important for prospective franchisees as it clarifies their rights and protections under state law, preventing unintentional waivers of those rights. Franchise agreements often include general release clauses, and this specific modification for Maryland-based Ledgers franchises ensures compliance with state regulations and safeguards the franchisee's legal recourse.