What post-term obligations must a transferring Pearce Bespoke franchisee agree to?

According to the 2025 Pearce Bespoke Franchise Disclosure Document, a transferring franchisee must execute a written agreement to observe all applicable post-term obligations and covenants contained within the franchise agreement. This condition is one of several that Pearce Bespoke may deem necessary for approving a transfer.

These post-term obligations, detailed in section 17(A) of the franchise agreement, include several key duties. Within five days of termination, the franchisee must pay all outstanding amounts owed to Pearce Bespoke or its suppliers. They are also required to return or destroy all equipment, manuals, advertising materials, and other printed materials related to the franchised business, confirming the destruction to Pearce Bespoke if applicable.

Additionally, the franchisee must assign or disconnect the telephone number associated with the Pearce Bespoke franchise and remove all signs and materials bearing the Pearce Bespoke name and other trademarks. Disconnecting any internet website linked to the franchise operation is also mandatory. Furthermore, the franchisee must adhere to all other applicable provisions of the agreement, including non-compete clauses. Upon termination, the right to use the Pearce Bespoke name, trademarks, and business system immediately ceases, and Pearce Bespoke reserves the right to remove any remaining signs at the franchisee's expense if they fail to do so.

In summary, a transferring Pearce Bespoke franchisee must agree to these post-term duties to facilitate the transfer, ensuring a clean break and protection of Pearce Bespoke's brand and business system.