What is the title of the Franchisee Representative required for acknowledgement of receipt of the Ledgers addendum?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| The undersigned parties do hereby acknowledge receipt of this Addendum. | |
|---|---|
| Dated this day of 20 | |
| Signature of Franchisor Representative | Signature of Franchisee Representative |
| Title of Franchisor Representative | Title of Franchisee Representative |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the addendum requires acknowledgement of receipt by both the Franchisor and Franchisee. The franchisee must provide their signature and title. This indicates that Ledgers requires formal acknowledgement of the addendum, ensuring both parties are aware of and agree to its terms.
For a prospective Ledgers franchisee, this means they will need to sign and provide their title on the addendum to acknowledge they have received and understood it. This is a standard practice in franchising, as it creates a documented record of the franchisee's awareness of important information and agreements. The franchisee's title is required along with their signature.
This acknowledgement does not act as a release, estoppel, or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law. Prospective franchisees should carefully review all addenda and seek legal counsel if they have any questions or concerns before signing.