According to Ledgers's 2025 Franchise Disclosure Document, Ledgers can terminate the Franchise Agreement if a franchisee makes a material misstatement of fact or fails to disclose a material fact on a Biographical Information Form. This is one of several conditions that could lead to termination by Ledgers.

Other conditions that could lead to termination include refusing to completely fill out a requested form or tender supporting documentation upon reasonable request, becoming insolvent, or having a final judgment of record against the franchisee or their Franchise Business that remains unsatisfied for thirty days or longer. Termination can also occur if the transfer process following the franchisee's death or incapacity does not begin within sixty days or remains incomplete after six months, or if the franchisee abandons the Franchised Business or discontinues its active operation for three or more business days, unless due to circumstances like a natural disaster or government order.

Ledgers may also terminate the agreement if the franchisee violates any term or condition of the Agreement, the Franchisee Operations Manual, or any other agreement with Ledgers, or if any amount owing to Ledgers from the franchisee is more than 30 days past due. In these cases, Ledgers must provide the franchisee with notice and an opportunity to cure the issue within thirty days before terminating the agreement. Upon termination, Ledgers has no obligation to return or refund any fees to the franchisee.