Can Bambu change payment instructions, and if so, what is the requirement?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Bambu may designate and change payment instructions at any time on prior written notice to Franchisee.
Franchisee shall be solely responsible for the payment of any costs and charges incurred in connection with the transfer and exchange of currency over and above any fees due or paid.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, Bambu may change payment instructions at any time, provided they give the franchisee prior written notice. This means that Bambu can alter how franchisees are required to make payments for fees, purchases, or any other amounts due under the Franchise Agreement.
This provision allows Bambu to adapt to changing business needs or to implement more efficient payment processes. For a franchisee, this means they must be prepared to adjust their payment methods as instructed by Bambu. It is crucial for franchisees to carefully review and comply with any new payment instructions to avoid late fees or other penalties.
Franchisees are responsible for any costs associated with currency transfer and exchange when making payments to Bambu. This is particularly relevant if a franchisee is operating outside the United States, as all payments must be made in U.S. dollars. The exchange rate used for calculating payments will be the rate published in The Wall Street Journal on the payment due date, or if the payment is late, the rate on the due date or the actual payment date, whichever results in a greater amount to Bambu. Therefore, franchisees should factor in potential exchange rate fluctuations when budgeting for payments to Bambu.