Who are the parties that must sign the Illinois Amendment to the Pearce Bespoke Franchise Agreement for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM TO THE FRANCHISE DISCLOSURE DOCUMENT PURSUANT TO THE ILLINOIS FRANCHISE DISCLOSURE ACT
Illinois law shall apply to and govern the Franchise Agreement.
In conformance with Section 4 of the Illinois Franchise Disclosure Act, any provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is void. However, a franchise agreement may provide for arbitration to take place outside of Illinois.
Franchisee's right upon Termination and Non-Renewal are set forth in sections 19 and 20 of the Illinois Franchise Disclosure Act.
In conformance with section 41 of the Illinois Franchise Disclosure Act, any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law is void.
No statement, questionnaire or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of: (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on behalf of the Franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
AMENDMENT TO THE PEARCE BESPOKE FRANCHISING LLC FRANCHISE AGREEMENT REQUIRED BY THE STATE OF ILLINOIS
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the parties that must sign the Illinois Amendment to the Pearce Bespoke Franchising LLC Franchise Agreement are the franchisee and Pearce Bespoke Franchising LLC. The document includes signature lines for both parties, indicating that both the franchisee and a representative of Pearce Bespoke must sign the addendum to acknowledge and agree to the terms outlined within it. This ensures that both parties are aware of and consent to the specific modifications and stipulations required by Illinois law.
The Illinois Amendment addresses specific legal requirements within the state, such as those outlined in the Illinois Franchise Disclosure Act. These requirements cover aspects like litigation venues, governing law, and waivers of compliance. By having both parties sign the amendment, Pearce Bespoke ensures that the franchisee acknowledges these specific legal provisions and that the franchise agreement complies with Illinois state law.
It is standard practice in franchising to have addenda or amendments to franchise agreements to comply with state-specific laws. These amendments ensure that the franchise agreement is enforceable and that franchisees are aware of their rights and obligations under state law. The signature of both parties on the Illinois Amendment serves as an acknowledgment and agreement to these state-specific terms, providing legal clarity and protection for both the franchisor and the franchisee.