Does the Pearce Bespoke Franchise Disclosure Document include a copy of the Area Development Agreement?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
AMENDMENT TO THE PEARCE BESPOKE AREA DEVELOPMENT AGREEMENT REQUIRED BY THE STATE OF MARYLAND
In recognition of the requirements of the Maryland Franchise Registration and Disclosure Law, Md. Code Ann., Bus. Reg. § 14-201 et seq., and of the Rules and Regulations promulgated thereunder, the parties to the attached Pearce Bespoke (the "Area Development Agreement") agree as follows:
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, Item 22 discusses contracts and includes an amendment to the Area Development Agreement required by the state of Maryland. Specifically, the document references an attached Pearce Bespoke Area Development Agreement.
This suggests that the FDD includes a copy of the Area Development Agreement, or at least a version of it with specific amendments for franchisees in Maryland. This agreement would outline the terms and conditions for franchisees who are granted the rights to develop multiple franchise locations within a defined geographic area.
Prospective Pearce Bespoke franchisees should carefully review the Area Development Agreement to understand their obligations and rights regarding territory development, including any specific requirements or restrictions imposed by Maryland law. Understanding the terms of the Area Development Agreement is crucial for franchisees considering expanding their Pearce Bespoke business through multiple locations.