According to Ledgers' 2025 Franchise Disclosure Document, Ledgers may require a franchisee to sign an assignment of rights remaining in their Franchise Agreement if the franchisee is transferring their interest in the agreement or ownership in the franchise business. Specifically, this requirement is triggered when the proposed transferee must sign either an assignment of the rights remaining in the franchisee's agreement, or Ledgers' current Franchisee Agreement with the term adjusted to the length remaining on the original agreement.

This condition is part of a set of requirements that must be met for a transfer to be approved. These requirements include the franchisee being in full compliance with the agreement, being current on all monies owed to Ledgers, and Ledgers approving of the individual or entity to which the franchisee is transferring the business. The transferee must also meet all legal and regulatory requirements to operate the franchised business, complete Ledgers' current franchisee application, pass the application screening, and attend and successfully complete initial training.

This stipulation ensures that Ledgers maintains control over who operates a franchise under their brand and that any new franchisee meets their standards. It also allows Ledgers to either continue the existing agreement with the new franchisee or establish a new agreement, depending on their preference. For a prospective franchisee, this means understanding that transferring the franchise involves a series of steps and approvals, including the potential assignment of rights, which could impact the terms under which the business continues to operate.