Is there a specific form that Ledgers requires franchisees to fill out?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
BACKGROUND
- A. The parties are entering into a Franchise Agreement ("Agreement").
- B. As a condition to signing the Franchise Agreement, we have required that you appoint us Attorney in Fact, to take effect upon the expiration or termination of the Agreement, as to the telephone numbers, listings, and advertisements (collectively "Listings") relating to your Franchise.
TELEPHONE NUMBER ASSIGNMENT
Your Franchised Business must solicit Clients and utilize our engagement letter to offer Ledgers Products and Services.
Furthermore, your Business Manager must sign an employment contract with you containing confidentiality requirements and, to the extent permitted by law, a covenant not to solicit customers or compete against you or us.
Schedu les Ç, Schedule 1 Schedule 2 Territory Automatic Bank Draft Authorization Ç, Schedule 3 Schedule 4 Schedule 5 Schedule 6 Telephone Number Assignment Lease Rider Release State Addenda to the Franchise Agreement
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, franchisees are required to utilize Ledgers' engagement letter when offering products and services to clients. Additionally, franchisees must sign a Telephone Number Assignment Agreement. This agreement allows Ledgers to act as the franchisee's Attorney in Fact regarding telephone numbers, listings, and advertisements related to the franchise upon termination or expiration of the Franchise Agreement.
Furthermore, if a franchisee chooses to employ a Business Manager, that manager must sign an employment contract with the franchisee. This contract should include confidentiality requirements and, where legally permissible, a covenant not to solicit customers or compete against the franchisee or Ledgers.
Finally, the Franchise Agreement includes schedules that may require completion, such as Schedule 2 for Territory and Schedule 3 for Automatic Bank Draft Authorization. These forms and agreements ensure that the Ledgers franchise operates according to the franchisor's standards and protects the interests of both the franchisor and the franchisee.