On what page of the Pearce Bespoke FDD can I find information about the Procedure for Pearce Bespoke's Termination Rights?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
The term "abandon" means Franchisee's failure to operate the Pearce Bespoke Franchise during regular business hours for a period of ten (10) consecutive days without Franchisor's prior written consent unless such failure is due to an act of God, war, strikes, or riots;
(9) Franchisee is involved in any act or conduct which at Franchisor's sole discretion, materially impairs the goodwill associated with the name "Pearce Bespoke" or any of the Marks or the Business System;
(10) Franchisee defaults in any other agreement with Franchisor, its subsidiaries or affiliates, and does not cure such default in accordance with the terms of such other agreement;
(11) Franchisee receives frequent and/or severe complaints from customers and/or employees concerning the Pearce Bespoke Franchise.
Frequent shall mean there (3) or more different customer complaints with respect to the Pearce Bespoke Franchise in any twelve (12) month period, whether or not resolved;
(12) After curing a default, engages in the same default within a twelve (12) month period whether or not this default is corrected after notice; or, within any twenty-four (24) month period, engages in four (4) separate defaults, whether or not these defaults are cured after notice;
(13) Franchisee fails to fully cooperate and timely complete any audit or mandatory survey requested by Franchisor;
(14) Franchisee violates the in-term covenant not to compete;
(15) Franchisee makes any unauthorized use, disclosure or duplication of any portion of the Manuals or duplicates, discloses or makes any unauthorized use of any Confidential Information provided to Franchisee by Franchisor;
(16) Fails to pay any fee charged in lieu of termination.
B. Procedure.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, information regarding the procedure for termination rights can be found on page 102. Specifically, section B on page 102 discusses the procedure for termination.
Understanding the termination procedures is crucial for a prospective Pearce Bespoke franchisee. Knowing the steps involved in the termination process, as outlined in the FDD, can help a franchisee prepare for potential scenarios where termination might be necessary or unavoidable. This includes understanding the conditions under which Pearce Bespoke can terminate the agreement and the franchisee's rights and obligations during such a process.
It is important for a potential franchisee to carefully review this section to fully understand their rights and responsibilities in the event of a termination. This knowledge can aid in making informed decisions and protecting their investment in the Pearce Bespoke franchise.