On what date is the Rhode Island Amendment to the Franchise Agreement executed for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
The parties hereto have duly executed this Rhode Island 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 Rhode Island Amendment to the Franchise Agreement is executed on the same date as the Franchise Agreement. This means that when a franchisee signs the main Franchise Agreement, they also sign the Rhode Island Amendment at the same time.
This simultaneous execution ensures that the specific legal requirements of Rhode Island are immediately integrated into the franchise relationship. The amendment addresses provisions like choice of law and forum, ensuring that Rhode Island franchisees can pursue claims under the Rhode Island Franchise Investment Act within the state.
For a prospective Pearce Bespoke franchisee in Rhode Island, this means that the protections and stipulations outlined in the Rhode Island Franchise Investment Act are effective from the very beginning of their franchise agreement. They do not need to wait for a separate amendment to take effect, as it is signed concurrently with the main agreement.