Which 'Summary' sections in Item 17 of the Ledgers FDD are being amended by the language in point 5?

According to the 2025 Ledgers Franchise Disclosure Document, point 5 in Item 22 amends specific "Summary" sections within Item 17 for franchises governed by New York franchise laws. Specifically, it adds language to the end of the "Summary" sections of Item 17(v), titled "Choice of forum", and Item 17(w), titled "Choice of law".

The added language states that the choice of law should not be considered a waiver of any right conferred upon the franchisor or the franchisee by Article 33 of the General Business Law of the State of New York. This means that while the franchise agreement might specify a particular state's laws to govern the agreement, the rights and protections provided by New York's General Business Law still apply to franchisees in New York.

For a prospective Ledgers franchisee in New York, this is a beneficial clarification. It ensures that even if the franchise agreement has a clause selecting a different state's laws, the franchisee retains the rights and remedies available under New York franchise law. This could be important in disputes or legal proceedings, as New York law may offer more favorable terms or protections to the franchisee than the laws of the state chosen in the agreement.