What is the purpose of the 'IN WITNESS WHEREOF' clause in the Maryland amendment to the Pearce Bespoke Franchise Agreement?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties hereto have duly executed this Maryland Amendment to the Franchise Agreement on the same date as that on which the Franchise Agreement was executed.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the "IN WITNESS WHEREOF" clause in the Maryland Amendment to the Franchise Agreement serves to formally acknowledge that both parties involved, Pearce Bespoke and the franchisee, have officially executed the Maryland Amendment to the Franchise Agreement. This execution occurs on the same date as the original Franchise Agreement.
In simpler terms, this clause confirms that both Pearce Bespoke and the franchisee have signed the amendment, indicating their agreement to its terms. This is a standard legal practice to provide a clear record that the amendment is officially part of the agreement and that both parties are bound by it.
For a prospective Pearce Bespoke franchisee in Maryland, this means that by signing the amendment, they are acknowledging and agreeing to the changes made to the original franchise agreement as required by Maryland law. This includes provisions that protect the franchisee's rights under Maryland's franchise laws, such as limitations on waivers of liability and stipulations regarding the statute of limitations for claims.