What is the deadline for a Bambu franchisee to discharge an execution levied against their business to avoid termination?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
If any material judgment (or several judgments which in the aggregate are material) is obtained against Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against Franchisee's business or any of the property used in the operation of the Bambū shoppe and is not discharged within five days; or if the real or personal property of Franchisee's business shall be sold after levy thereupon by any sheriff, marshal or constable.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to the 2025 Bambu Franchise Disclosure Document, a franchisee has a limited time frame to address an execution levied against their business. Specifically, if an execution is levied against the franchisee's business or any property used in its operation, the franchisee must discharge it within five days to avoid being in default.
This requirement means a Bambu franchisee needs to act quickly if legal action results in a levy against their business assets. Failure to resolve the execution within the five-day window could lead to Bambu terminating the franchise agreement. This could involve swiftly settling the debt, negotiating a payment plan, or taking legal action to challenge the execution.
This condition underscores the importance of maintaining sound financial management and addressing any legal issues promptly. The short cure period highlights the potential risks associated with unresolved financial or legal problems and the need for franchisees to have contingency plans in place to handle such situations.