Is non-attendance of a Pearce Bespoke summit considered a material breach of the Franchise Agreement?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
d by the Payment Card Industry Security Standards Council or its successor organization, FACTA and any other card payment standards Franchisor may specify.
T. Summits and Conventions.
Unless otherwise excused by Franchisor in writing, Franchisee is required to attend all franchisee summits & conventions. A Summit may be held annually or at such intervals as Franchisor may determine is appropriate. A Franchise or principal must attend. Additional staff or clothiers may attend if Franchisee desires. Franchisee shall bear all costs of attending each summit or meeting, including transportation, lodging, meals and personal expenses. In addition, Franchisor may elect to charge a Conference Fee of up to Five Hundred United States Dollars ($500 USD) per Franchisee. This cost, including the fee maximum, may be changed from time to time by the Franchisor as per the Manuals. Non-attendance
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, non-attendance of a summit is considered a material breach of the Franchise Agreement. Unless excused in writing by Pearce Bespoke, a franchisee or principal must attend all franchisee summits and conventions. These summits may be held annually or at intervals determined appropriate by Pearce Bespoke. Additional staff or clothiers may attend if the franchisee desires.
Franchisees are responsible for covering all costs associated with attending each summit or meeting, including transportation, lodging, meals, and personal expenses. Pearce Bespoke may also elect to charge a Conference Fee of up to $500 USD per franchisee, a cost that may be changed from time to time as per the manuals.
In the event of non-attendance, Pearce Bespoke may elect to charge a Non-Attendance Fee of up to $1,000 USD per Pearce Bespoke Franchise. This policy highlights the importance Pearce Bespoke places on franchisee participation in summits and conventions, and the potential financial consequences of non-compliance.