Under what condition can a Pearce Bespoke franchisee be excused from attending franchisee summits and conventions?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
d by the Payment Card Industry Security Standards Council or its successor organization, FACTA and any other card payment standards Franchisor may specify.
T. Summits and Conventions.
Unless otherwise excused by Franchisor in writing, Franchisee is required to attend all franchisee summits & conventions. A Summit may be held annually or at such intervals as Franchisor may determine is appropriate. A Franchise or principal must attend. Additional staff or clothiers may attend if Franchisee desires. Franchisee shall bear all costs of attending each summit or meeting, including transportation, lodging, meals and personal expenses. In addition, Franchisor may elect to charge a Conference Fee of up to Five Hundred United States Dollars ($500 USD) per Franchisee. This cost, including the fee maximum, may be changed from time to time by the Franchisor as per the Manuals. Non-attendance
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, a franchisee is required to attend all franchisee summits and conventions unless the franchisor excuses them in writing. These summits may be held annually or at intervals determined appropriate by Pearce Bespoke.
A franchisee or a principal of the franchise must attend these events. Additional staff or clothiers may attend if the franchisee chooses. The franchisee is responsible for covering all costs associated with attending the summits, including transportation, lodging, meals, and personal expenses.
Pearce Bespoke may also charge a conference fee of up to $500 USD per franchisee, a figure that may change over time as per the manuals. Failure to attend the summit without written permission from Pearce Bespoke constitutes a material breach of the Franchise Agreement, potentially leading to a non-attendance fee of up to $1,000 USD per Pearce Bespoke franchise.