Who may Ledgers share performance data of a Franchised Business with?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Performance data is Confidential Information. We reserve the right to share performance data of your Franchise Business with individuals and agents who need it to provide us with assistance or to comply regulatory requirements.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 36–37)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Ledgers reserves the right to share a franchisee's business performance data with specific individuals and agents. This includes those who need the data to provide assistance to Ledgers or to comply with regulatory requirements.
This means that as a Ledgers franchisee, your business's financial and operational data may be disclosed to third parties who work with Ledgers. These third parties could include consultants, IT support, or legal and accounting professionals assisting Ledgers in its operations. It also includes disclosures required by law.
As performance data is considered "Confidential Information" under the agreement, Ledgers is not allowed to share this data with other parties outside of the specific instances mentioned. Prospective franchisees should consider the implications of this data sharing and how it aligns with their own data privacy expectations and business practices.