As of the date of this Pearce Bespoke Franchise Disclosure Document, what is the filing status for Maryland?

According to the 2025 Pearce Bespoke Franchise Disclosure Document, the document's registration with the Maryland Securities Division of the Office of Attorney General does not constitute approval, recommendation, or endorsement by the Securities Commissioner. This statement is included as part of the addendum to the Franchise Disclosure Document required by the state of Maryland.

This means that while Pearce Bespoke has registered its franchise offering in Maryland, the state's review is for compliance purposes and does not indicate that the state endorses the franchise as a good investment. Prospective franchisees should not interpret the registration as a guarantee of success or a recommendation from the state.

Furthermore, the Maryland addendum includes stipulations that amend certain provisions of the standard franchise documents to align with Maryland Franchise Law. These amendments cover aspects such as releases of liability, the statute of limitations for claims, and the franchisee's right to file lawsuits in Maryland courts. These modifications ensure that franchisees in Maryland receive protections under state law, regardless of conflicting terms in the standard Pearce Bespoke franchise agreement.