factual

What does the Pearce Bespoke franchise agreement say about statements signed by the franchisee that disclaim reliance on the franchisor?

Pearce_Bespoke Franchise · 2025 FDD

Answer from 2025 FDD Document

inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed with the franchise.

Source: Item 22 — CONTRACTS (FDD page 39)

What This Means (2025 FDD)

According to the 2025 Pearce Bespoke Franchise Disclosure Document, the franchise agreement includes a provision addressing statements signed by the franchisee that disclaim reliance on any statements made by the franchisor or its representatives. This provision ensures that any such disclaimer is upheld, reinforcing the franchisee's responsibility to conduct their own due diligence. This clause supersedes any other conflicting terms in any document executed with the franchise.

This means that Pearce Bespoke wants to ensure that franchisees acknowledge they are making their own informed decisions based on their own investigation, and not solely relying on claims made by the franchisor. This is a common practice in franchising to protect the franchisor from potential misrepresentation claims.

For a prospective Pearce Bespoke franchisee, this highlights the importance of conducting thorough due diligence before signing the franchise agreement. It reinforces the need to independently verify information, assess market conditions, and evaluate the potential risks and rewards of the franchise opportunity. Relying solely on the franchisor's statements could be risky, as the franchisee will be held accountable for acknowledging their independent investigation and decision-making.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.