In the Pearce Bespoke franchise agreement, how many spaces are provided for franchisee principals to sign?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISOR FRANCHISEE PEARCE BESPOKE FRANCHISING, LLC Signature: Signature: Name: Nathan Pearce Name: Date: Date:
Franchised Territory Map:
ATTACHMENT B - PERSONAL GUARANTY OF OWNER/SHAREHOLDER
This Personal Guaranty and Assumption of Obligations (this "Guaranty") is given by the undersigned individuals identified as the owners of Franchisee in Attachment A.
In consideration of, and as an inducement to, the execution of that certain franchise agreement of even date herewith ("Franchise Agreement") by the parties listed as Franchisor and Franchisee in the Franchise Agreement, the undersigned hereby personally and unconditionally, jointly and severally: guaranties to Franchisor and its successors and assigns, for the Term of the Franchise Agreement and, including any renewal thereof, as provided in the Franchise Agreement, that Franchisee shall punctually pay and perform each and every undertaking, agreement and covenant stated in the Agreement and any documents, agreements, and instruments signed with or in connection with the Franchise Agreement (collectively, the "Franchise Documents"); and (2) agrees to be personally bound by, and personally liable for the breach of, each and every provision in the Franchise Documents applicable to the owners of Franchisee.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, there is one signature line for the franchisor, under which Nathan Pearce's name is printed. There is also one signature line for the franchisee. In addition, there is an attachment requiring a personal guarantee of the owner/shareholder.
Attachment B of the franchise agreement requires the owners of the franchisee to provide a personal guarantee. This guaranty requires the undersigned individuals identified as the owners of the Franchisee in Attachment A to personally guarantee the franchisee's obligations under the Franchise Agreement. This means that each owner/shareholder must sign, agreeing to be personally bound by the terms of the agreement.
In summary, the Pearce Bespoke franchise agreement provides one signature line for the franchisee and requires a separate personal guarantee from each owner/shareholder of the franchisee, meaning the number of signature spaces for franchisee principals will vary depending on the ownership structure.