conditional

To whom does the State Law Addendum to the Ledgers Franchise Disclosure Document apply?

Ledgers Franchise · 2025 FDD

Answer from 2025 FDD Document

The provisions of this State Law Addendum to Franchise Disclosure Document and Franchise Agreement ("State Addendum") apply only to those persons residing or operating a Ledgers Franchised Business in the following states: Michigan, California, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia, or Wisconsin.

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to the 2025 Ledgers Franchise Disclosure Document, the State Law Addendum applies specifically to individuals residing or operating a Ledgers franchised business in certain states. These states include Michigan, California, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia, and Wisconsin.

For prospective Ledgers franchisees in these states, the State Law Addendum modifies the standard Franchise Disclosure Document and may supersede parts of the Franchise Agreement. This means that certain provisions of the franchise agreement might be different or not applicable, depending on the specific state law. For example, the FDD highlights specific considerations for franchisees in California, such as the enforceability of non-compete covenants and termination provisions under California law.

It is important for prospective franchisees to carefully review the State Law Addendum in conjunction with the standard Franchise Disclosure Document and Franchise Agreement to understand their rights and obligations under the laws of their specific state. Ledgers franchisees should also consult with legal counsel to ensure full comprehension of how state laws impact their franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.