How can the provisions of the Pearce Bespoke agreement be amended or modified?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
The provisions of this Agreement may be amended or modified only by written agreement signed by the party to be bound.
Source: Item 23 — RECEIPTS (FDD pages 39–172)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the provisions of the Area Development Agreement may only be amended or modified through a written agreement. This written agreement must be signed by the party who will be bound by the amendment or modification.
This requirement for written amendments is a standard practice in franchising. It ensures that both Pearce Bespoke and the franchisee are clear on any changes to their contractual obligations, preventing potential misunderstandings or disputes. Oral agreements or informal communications are not sufficient to alter the terms of the Area Development Agreement.
For a prospective Pearce Bespoke franchisee, this means that any desired changes to the Area Development Agreement must be formally documented and agreed upon in writing by both parties. It is crucial to retain copies of all such written amendments to ensure clarity and enforceability of the agreement throughout the franchise term.