Does the undersigned waive acceptance and notice of acceptance by Pearce Bespoke of the undertakings?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the personal guaranty includes a waiver. Specifically, the undersigned, who are the owners of the Franchisee, waive acceptance and notice of acceptance by Pearce Bespoke of the undertakings. This waiver is part of the Personal Guaranty and Assumption of Obligations.

In simpler terms, by signing the Personal Guaranty, the franchisee owners agree that Pearce Bespoke doesn't need to formally accept or notify them about accepting the obligations outlined in the franchise agreement. This streamlines the process and ensures that the personal guarantors are immediately bound by the terms of the guaranty upon signing.

This waiver is significant because it prevents the guarantor from later claiming they weren't aware that Pearce Bespoke had accepted their guarantee. It reinforces the guarantor's commitment to ensuring the franchisee fulfills all obligations under the Franchise Agreement. This is a common practice in franchising to protect the franchisor's interests.