Does Confidential Information for Pearce Bespoke include sources of supply?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Confidential Information includes (without limitation): all elements of the Business System and all products, services, equipment, technologies, policies, standards, requirements, criteria and procedures that now or in the future are part of the Business System; Franchisor's Operations Manual (including supplements to the Manual); all specifications, sources of supply, all procedures, systems, techniques and activities employed by Franchisor or Franchisee in the offer and sale of products and or services at the Pearce Bespoke Franchise; all pricing paradigms established by Franchisor or by Franchisee; all of Franchisor's and/or Franchisee's sources (or prospective sources) of supply and all information pertaining to same (including wholesale pricing structures, the contents of sourcing agreements and identity of suppliers); Franchisor's specifications, and Franchisee's final plans, for the construction, build-out, design, renovation, décor, equipment, signage, furniture, items and trade dress elements of the Pearce Bespoke Franchise; the identity of, and all information relating to, the computer and DRS POS hardware and software utilized by Franchisor and Franchisee; all information pertaining to Franchisor's and Franchisee's advertising, marketing, promotion and merchandising campaigns, activities, materials, specifications and procedures; all customer lists, customer data and other records generated and/or otherwise maintained by the Pearce Bespoke Franchise; Franchisor's Internet Code of Conduct, social media policy, internet/web protocols, procedures and content; Franchisor's training and other instruction programs and materials; all communications between Franchisor and Franchisee (including the financial and other reports Franchisee is required to submit to Franchisor under the Agreement); additions to, deletions from and modifications and variations of the components of the Business System and all other information, knowledge and know-how which Franchisor and its affiliates, now or in the future, designate as confidential.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, Confidential Information includes the franchisor's and franchisee's sources of supply. This extends to prospective sources, wholesale pricing structures, the contents of sourcing agreements, and the identities of suppliers. This information is considered confidential and protected under the franchise agreement.
As a Pearce Bespoke franchisee, you are obligated to protect this information. You cannot divulge or use any of the franchisor's confidential information for the benefit of any third party during the term of the agreement or after it expires or terminates. This includes not aiding any third party to imitate, duplicate, or reverse engineer any of Pearce Bespoke's confidential information.
Upon expiration or termination of the Franchise Agreement, the franchisee must return to Pearce Bespoke such Confidential Information as Pearce Bespoke requests, including customer lists and records; all training materials and other instructional content; financial and non-financial books and records; the Manual; and, computer databases, software and manuals. At Pearce Bespoke's request, the franchisee must destroy all or certain Confidential Information and certify such destruction to Pearce Bespoke.
Pearce Bespoke franchisees must only share confidential information with operational personnel on a need-to-know basis and must ensure these individuals maintain the confidentiality of the information. Franchisees may be required to have their employees sign Confidentiality/Non-Competition Agreements.