What is the relationship between the date of the Maryland Amendment and the date of the Pearce Bespoke Franchise Agreement?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the Maryland Amendment to the Franchise Agreement is executed on the same date as the Franchise Agreement itself. This means that both documents are signed and become effective simultaneously.

This simultaneous execution is important because the Maryland Amendment modifies certain provisions of the standard Franchise Agreement to ensure compliance with Maryland franchise law. These modifications address issues such as releases of liability, limitations on legal claims, and the franchisee's rights under Maryland law. By signing the amendment at the same time as the Franchise Agreement, all parties acknowledge and agree to these changes from the outset of the franchise relationship.

For a prospective Pearce Bespoke franchisee in Maryland, this means that the terms of the Franchise Agreement are automatically adjusted to reflect the protections afforded by Maryland law. The franchisee does not need to negotiate these changes separately; they are built into the agreement through the amendment. This can provide a level of assurance that the franchise relationship is structured in accordance with Maryland legal requirements.