What is the name of the Franchise Agreement that the Rhode Island amendment applies to for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
In recognition of the requirements of the Rhode Island Franchise Investment Act, the parties to the attached The Tox Franchising Group, LLC Franchise Agreement (the "Franchise Agreement") agree as follows:
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the Rhode Island amendment applies to The Tox Franchising Group, LLC Franchise Agreement. This is explicitly stated in the amendment's introductory paragraph.
For a prospective franchisee in Rhode Island, this means that the standard Pearce Bespoke franchise agreement is modified by the Rhode Island Amendment to comply with the Rhode Island Franchise Investment Act. The amendment addresses specific legal considerations within Rhode Island, particularly concerning jurisdiction and venue for claims arising under the Act.
It is important to note that Pearce Bespoke is identified as Pearce Bespoke Franchising, LLC in the document, but the agreement being amended is under The Tox Franchising Group, LLC. This could be due to a recent acquisition or change in legal structure. A franchisee should seek clarification from Pearce Bespoke regarding the relationship between these two entities and ensure they understand which entity they are contracting with and the implications for their franchise agreement.