Are the rights and privileges granted to the Franchisee under the Pearce Bespoke Agreement transferable without the Franchisor's consent?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the rights and privileges granted to the franchisee under the Franchise Agreement are personal and cannot be transferred or altered without the prior written consent of Pearce Bespoke. This means a franchisee cannot independently sell, assign, or otherwise dispose of their franchise rights without first obtaining approval from Pearce Bespoke.

This requirement protects Pearce Bespoke by ensuring that any new franchisee meets their standards and is capable of upholding the brand's reputation and operational requirements. It also allows Pearce Bespoke to maintain control over who operates under their name and business system.

If a franchisee wishes to transfer their franchise, they must seek Pearce Bespoke's consent and meet certain conditions. These conditions typically include satisfying all outstanding financial obligations, ensuring the transferee meets Pearce Bespoke's standards for new franchisees, and having the transferee enter into a new franchise agreement. This process is standard practice in franchising, as franchisors need to vet and approve new operators to protect their brand and system-wide consistency.