Does the Pearce Bespoke franchise agreement allow for any exceptions to the confidentiality clause regarding disclosure of the agreement's details?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
- 4. Confidentiality. Releasor agrees to hold in strictest confidence and not disclose, publish, or use the existence of, or any details relating to, this Agreement to any third party without Franchisor's express written consent, except as required by law.
Source: Item 23 — RECEIPTS (FDD pages 39–172)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke FDD, the general release of claims agreement includes a confidentiality clause. This clause mandates that the franchisee (referred to as "Releasor") must maintain the strictest confidence and not disclose, publish, or use any details related to the agreement with any third party.
The only exception to this confidentiality is if the disclosure is required by law. Otherwise, any disclosure requires the express written consent of Pearce Bespoke Franchising, LLC.
This means that a Pearce Bespoke franchisee is generally prohibited from discussing the terms of their general release agreement with anyone, including potential buyers, advisors, or other franchisees, unless they obtain explicit written permission from Pearce Bespoke or are legally compelled to do so. This is a fairly standard practice in franchising to protect the franchisor's confidential information and maintain consistency across the franchise system.