factual

Which sections of the Pearce Bespoke Franchise Agreement and Development Agreement cover non-competition covenants?

Pearce_Bespoke Franchise · 2025 FDD

Answer from 2025 FDD Document

Obligation Section in Agreement Disclosure Document Item
a. Site selection and acquisition/lease Franchise Agreement (FA) Sections 7(A) and 8(O) Area Development Agreement (DA) Section 4 Item 11
b. Pre-opening purchases/leases FA Sections 6(D) and 8(D), (O) and (P) Items 5, 7, and 8
c. Site development and other pre- FA Section 8(B) DA Items 6, 7, and 11
opening requirements Section 4.
d. Initial and ongoing training FA Sections 7(D) and 8(L) Items 6, 7 and 11
e. Opening FA Section 15(A)(1) DA Section 3.1, Section 4 Item 11
f. Fees FA Sections 2(B)(4), 4, 5, 6, 8(P), 8(Q) and 14(C)(6) DA Section 2 Items 5, 6, 7, and 11
Obligation Section in Agreement Disclosure Document Item
g. Compliance with standards and FA Sections 8I, (I) and (N) Items 11 and 16
policies/ Manual
h. Trademarks and proprietary FA Sections 3 and 9 Items 13 and 14
information DA Section 8
i. Restrictions on products/ services FA Sections 1 and 8(D) and (P) Items 8, 11, and 16
offered
j. Warranty and customer service FA Section 8(D) Item 11
requirements
k. Territorial development and sales FA Section 1(B) DA Item 12
quotas Sections 3 and 4
l. Ongoing product/service purchases FA Section 8(D) Items 8 and 11
m. Maintenance, appearance, and FA Sections 2(B)(3) and 8(B) and I Item 11
remodeling requirements
n. Insurance FA Section 10 Items 6 and 8
o. Advertising FA Section 6 Items 6, 7, 8, and 11
p. Indemnification FA Section 11 DA Section 8 Item 6
q. Owner’s participation/ FA Sections 7(D) and 8(A) and (J) Items 11 and 15
management/staffing
r. Records/reports FA Sections 12(A) and (B) Item 16
s. Inspections/audits FA Section 12I Items 6 and 11
t. Transfer FA Sections 13 and 14 DA Section 7 Item 17
u. Renewal FA Section 2(B) Item 17
v. Post-termination obligations FA Section 17 DA Section 8 Item 17
w. Non-competition covenants FA Section 18 DA Section 8 Item 17

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 21–27)

What This Means (2025 FDD)

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the sections in the Franchise Agreement and Development Agreement that address non-competition covenants are FA Section 18 and DA Section 8. This information is crucial for prospective franchisees as it outlines the restrictions they will face both during the term of the franchise agreement and after its termination.

Non-competition covenants are standard in franchising to protect the brand and prevent franchisees from using the franchisor's confidential information and business model to compete against the system, either during the franchise term or after it ends. These covenants typically restrict a franchisee from operating a similar business within a defined geographic area for a specified period.

Item 17 of the Pearce Bespoke FDD provides further details regarding these post-termination obligations. A prospective franchisee should carefully review these sections with a legal advisor to fully understand the scope and enforceability of these restrictions, as they can significantly impact their future business opportunities after leaving the Pearce Bespoke franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.