What is the day of the month recorded on the Bambu acknowledgement?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: March 31, 2025 I received a Disclosure Document dated March 31, 2025, that included the following Exhibits: Franchise Agreement (Exhibit A); Multi-Unit Development Agreement (Exhibit B); Nondisclosure and Noncompetition Agreement (Exhibit C); Closing Acknowledgment (Exhibit D); Successor Franchise Rider to Franchise Agreement (Exhibit E); Form of General Release (Exhibit F); Owner Operations Manual Table of Contents (Exhibit G); List of Franchisees (Exhibit H); List of Franchisees Who Have Left the System (Exhibit I); Financial Statements (Exhibit J); List of State Agencies/Agents for Service of Process (Exhibit K); and State Addenda to Disclosure Document (Exhibit L). Date: Signature of Prospective Franchisee (Do not leave blank) Print Name
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the acknowledgement includes a space for the date. The example shows the issuance date as March 31, 2025, and a line for the franchisee to write the date they received the disclosure document.
This means a prospective franchisee must record the date they received the FDD. This date is important because franchise regulations require a cooling-off period.
Specifically, the FDD states that Bambu must provide the Disclosure Document to the prospective franchisee 14 calendar days before they sign a binding agreement or make a payment. Some states, like New York and Michigan, have slightly different requirements, such as providing the document at the first personal meeting or a certain number of business days before signing any agreement or making a payment.