On what date is the Illinois Amendment to the Pearce Bespoke Franchise Agreement executed?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
The parties hereto have duly executed this Illinois Amendment to the Franchise Agreement on the same date as that on which the Franchise Agreement was executed.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the Illinois Amendment to the Franchise Agreement is executed on the same date as the Franchise Agreement itself. This means that both documents are signed at the same time, indicating that the amendment is an integral part of the initial franchising process for franchisees in Illinois.
This simultaneous execution ensures that the specific legal requirements of Illinois are incorporated into the franchise agreement from the outset. These requirements, as detailed in the amendment, primarily concern adherence to the Illinois Franchise Disclosure Act, including stipulations about where legal actions can be pursued, which state's laws govern the agreement, and the franchisee's rights regarding compliance waivers.
For a prospective Pearce Bespoke franchisee in Illinois, this means that the franchise agreement they sign will automatically include provisions that protect their rights under Illinois law. It also highlights the importance of carefully reviewing both the standard franchise agreement and the Illinois-specific amendment to fully understand their obligations and legal protections.