What determines the length of the Pearce Bespoke franchise term?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
visions in the agreements attached to this Disclosure Document.**
A. Franchise Agreement
| Provision | Section in Franchise | Summary | |
|---|---|---|---|
| Agreement | |||
| a. | Length of the franchise | Section 2(A) | 10 years |
| b. | Renewal or extension of the term | Section 2(B) | If you meet the renewal requirements set forth in the Franchise Agreement, you can renew the Franchise Agreement for up to two additional 5-year period(s). |
| c. | Requirements for you to renew or extend | Section 2(B) | Provide advance notice in writing, sign then current Franchise Agreement, pay renewal fee, remodel, meet all current Brand Standards, secure extension of lease and be in compliance with current Franchise Agreement during the term of the Agreement. You may be asked to sign a Franchise Agreement with materially different terms and conditions than your original Franchise Agreement. The entire provision is subject to state law. |
| d. | Termination by you | Section 16(A) | If you are complying with the Franchise Agreement, and Pearce Bespoke fails to cure a material default within 30 days after Pearce Bespoke’s receipt of written notice, subject to state law. |
| e. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 31–34)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the length of the franchise term is determined differently based on whether the franchisee enters into a standard Franchise Agreement or a Development Agreement. For a standard Franchise Agreement, the initial term is 10 years, as detailed in Section 2(A) of the agreement. Franchisees in good standing have the option to renew the agreement for up to two additional 5-year periods, provided they meet certain conditions.
These renewal conditions include providing advance written notice, signing the then-current Franchise Agreement, paying a renewal fee, completing any required remodeling, meeting all current brand standards, securing an extension of their lease, and remaining in compliance with the existing Franchise Agreement throughout its term. The FDD also notes that the terms and conditions of the renewed Franchise Agreement may differ materially from the original agreement.
For franchisees entering into a Development Agreement, the term's length is tied to the development schedule outlined in Section 5 of the Development Agreement. The term expires either when the franchisee reaches the deadline to develop the specified number of businesses or upon the development of all businesses outlined in the agreement. This means the term is directly linked to the franchisee's ability to meet the development obligations agreed upon with Pearce Bespoke.