Where can I find the Pearce Bespoke Franchisee Acknowledgment Statement in the Disclosure Document?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Initial
- Franchisee has conducted an independent investigation of the business contemplated by this Agreement and understands and acknowledges that the business contemplated by this Agreement involves business risks making the success of the venture largely dependent upon the business abilities and participation of Franchisee and its efforts as an independent business operation.
Initial
- Franchisee agrees that no claims of success or failure have been made to it or him or her prior to signing the Franchise Agreement and that it/she/he understands all the terms and conditions of the Franchise Agreement. Franchisee further acknowledges that the Franchise Agreement contains all oral and written agreements, representations and arrangements between the parties hereto, and any rights which the respective parties hereto may have had under any other previous contracts are hereby cancelled and terminated, and that this Agreement cannot be changed or terminated orally.
Initial
- Franchisee has no knowledge of any representations by Franchisor or its officers, directors, shareholders, employees, sales representatives, agents or servants, about the business contemplated by the Franchise
Agreement that are contrary to the terms of the Franchise Agreement or the documents incorporated herein. Franchisee acknowledges that no representations or warranties are made or implied, except as specifically set forth in the Franchise Agreement. Franchisee represents, as an inducement to Franchisor's entry into this Agreement, that it has made no misrepresentations in obtaining the Franchise Agreement.
Initial
- Franchisor expressly disclaims the making of, and Franchisee acknowledges that it has not received or relied upon, any warranty or guarantee, express or implied, as to the potential volume, profits or success of the business venture contemplated by the Franchise Agreement.
Initial
- Franchisee acknowledges that Franchisor's approval or acceptance of Franchisee's Business location does not constitute a warranty, recommendation, or endorsement of the location for the Franchised Business, nor any assurance by Franchisor that the operation of the Franchised Business at the premises will be successful or profitable.
Initial
- Franchisee acknowledges that it has received the Pearce Bespoke Franchising, LLC Franchise Disclosure Document with a complete copy of the Franchise Agreeme
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the franchisee acknowledgment appears to be located in Item 22, Contracts. The document includes several initialed statements where the franchisee acknowledges various aspects of the franchise agreement, such as understanding the business risks, confirming that no claims of success or failure were made, and acknowledging that they have received and reviewed the Franchise Disclosure Document and Franchise Agreement. These acknowledgments serve to confirm that the franchisee has conducted their own investigation and understands the terms and conditions of the agreement.
These statements cover critical areas such as the franchisee's understanding of business risks, the absence of guaranteed success claims, and the completeness of the written agreement. By initialing each statement, the franchisee confirms they have read, understood, and agreed to the specific points. This process aims to protect Pearce Bespoke by ensuring franchisees cannot later claim they were misled or unaware of certain aspects of the franchise agreement.
It is important for prospective Pearce Bespoke franchisees to carefully review each statement and ensure they fully understand its implications before initialing. If there are any uncertainties or concerns, franchisees should seek clarification from Pearce Bespoke or consult with a legal professional. This thorough review can help avoid misunderstandings or disputes in the future and ensure a clear understanding of the franchisee's rights and obligations.