Is Ledgers subject to a currently effective decree relating to the franchise?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. No such party is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a Federal, State, or Canadian franchise, securities,
antitrust, trade regulation or trade practice law, resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Ledgers is not subject to a currently effective injunctive or restrictive order or decree relating to the franchise. This includes orders or decrees under federal, state, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law resulting from a concluded or pending action brought by a public agency. Additionally, Ledgers is not subject to any currently effective order from a national securities association or exchange that would suspend or expel them from membership. This also extends to any currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including actions affecting a license as a real estate broker or sales agent.
This means that Ledgers has not been found in violation of franchise, securities, antitrust, or trade laws by a court or regulatory body that has resulted in an order restricting their business activities. A prospective franchisee can take this as a sign that Ledgers is in good standing with regulatory agencies and has not faced legal challenges that have led to such decrees.
However, it is important for a prospective franchisee to understand that this statement only reflects the current status at the time of the FDD's issuance. It does not guarantee that Ledgers will not be subject to such orders or decrees in the future. It is advisable to conduct further due diligence, including consulting with legal counsel, to assess the potential risks and liabilities associated with investing in a Ledgers franchise.