On what page of the Pearce Bespoke Franchise Agreement can I find information about the grant of the franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor and Franchisee agree as follows:
1. GRANT OF FRANCHISE; FRANCHISED TERRITORY
A. Grant of Franchise.
Subject to the provisions stated below, Franchisor grants to Franchisee a personal and non-exclusive license and franchise to operate a Pearce Bespoke Franchise using the Marks as designated by Franchisor from time to time (the "Pearce Bespoke Franchise") in conformity with Franchisor's Business System within the area specified in ATTACHMENT A - FRANCHISEE SPECIFIC TERMS attached hereto. The specified area identified in ATTACHMENT A - FRANCHISEE SPECIFIC TERMS is referred to as (the "Franchised Territory"). Franchisee will operate the Pearce Bespoke Franchise under the Business System in strict compliance with the provisions of this Agreement and only within the Franchised Territory.
B. Franchisee's Protected Area; Rights Reserved by Franchisor.
Franchisee acknowledges that (i) the Territory was mutually agreed upon by Franchisor and Franchisee, (ii) prior to the Effective Date hereof, Franchisee conducted Franchisee's own due diligence with regard to potential customers and other matters relative to the operation of the Pearce Bespoke Franchise in the Territory, and (iii) Franchisor's agreement to the Territory is permission only, does not constitute a representation, promise, warranty, or guarantee, express or implied, by Franchisor that the Pearce Bespoke Franchise operated therein will be profitable or otherwise successful, and cannot, and does not, create any liability for Franchisor. During the term of this Agreement, Franchisor will not establish for its own account or franchise others the right to operate a Pearce Bespoke Franchise within the Franchised Territory. Franchisee understands, however, that Franchisor, its affiliates, or their licensees, may sell any products or services under trademarks or
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the grant of the franchise is detailed on page 81 of the Franchise Agreement. Specifically, section 1A, titled "Grant of Franchise," outlines the terms under which Pearce Bespoke grants the franchisee a personal and non-exclusive license to operate a Pearce Bespoke Franchise. This license allows the franchisee to use Pearce Bespoke's designated marks and business system within a defined territory.
The agreement stipulates that the franchisee must operate the Pearce Bespoke Franchise in strict compliance with the provisions of the agreement and only within the specified franchised territory, which is detailed in ATTACHMENT A - FRANCHISEE SPECIFIC TERMS. This attachment is crucial as it outlines the specific area granted to the franchisee.
Furthermore, section 1B addresses the franchisee's protected area and the rights reserved by Pearce Bespoke. It emphasizes that the territory was mutually agreed upon and that the franchisee conducted their own due diligence. Pearce Bespoke's agreement to the territory is permission only and does not guarantee profitability or success. However, during the term of the agreement, Pearce Bespoke will not establish or franchise others to operate a Pearce Bespoke Franchise within the franchisee's territory.