Within how many days of termination or expiration of the Ledgers franchise agreement must Confidential Information be destroyed?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon Termination or Expiration of this Agreement, you must destroy any Confidential Information stored in printed or digital form within ten (10) days and provide us with a written certification of destruction. However, you may retain Confidential Information as needed solely for legal, tax, and insurance purposes, but the information retained will remain subject at all times to the confidentiality restrictions of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, upon termination or expiration of the franchise agreement, franchisees must destroy any Confidential Information stored in printed or digital form within ten days. After destroying the information, the franchisee must provide Ledgers with a written certification of destruction.
However, there is an exception. Franchisees may retain Confidential Information as needed for legal, tax, and insurance purposes. Even if the franchisee retains the information, it remains subject to the confidentiality restrictions outlined in the agreement.
This requirement ensures that Ledgers's proprietary information remains protected even after a franchise relationship ends. It is a standard practice in franchising to protect the brand's confidential business information and client data.