What bank details are required on the Pearce Bespoke Authorization Form?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| The undersigned depositor ("Depositor" or "Licensee") hereby authorizes Pearce Bespoke Franchising, LLC ("Licensor") to initiate debit entries and/or credit correction entries to the undersigned's checking and/or savings account(s) indicated below, and the depository designated below ("Depository" or "Bank") to debit or credit such account(s) pursuant to Licensor's instructions. Please attach a voided blank check, for purposes of setting up bank and transit numbers. |
|---|
| Depository: |
| Branch: |
| City, State Zip: |
| Bank Transit/ABA Number: |
| Account Number: |
| This authority is to remain in full force and effect until 60 days after Licensor has received written |
| notification |
| from Licensee of its termination or expiration. |
| AGREED: |
| LICENSEE: |
| [FRANCHISEE ENTITY] |
| Signature: |
| Name: |
| Title: |
| Date: |
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the Authorization Form requires specific bank details to allow Pearce Bespoke Franchising, LLC to initiate debit and credit entries to the franchisee's checking or savings account. To set up the bank and transit numbers, a voided blank check should be attached to the form.
The form requires the franchisee to provide the name of the depository (bank), the branch name, and the city, state, and zip code of the bank branch. Additionally, the franchisee must provide the Bank Transit/ABA Number and the Account Number. This information authorizes Pearce Bespoke to manage financial transactions related to the franchise.
The authorization remains in effect until 60 days after Pearce Bespoke receives written notification from the franchisee regarding termination or expiration of the agreement. The franchisee must sign and date the form, providing their name and title to complete the authorization process. This ensures that Pearce Bespoke can handle necessary financial transactions while also providing a clear process for the franchisee to revoke this authorization.