What is the deadline for a Bambu franchisee to provide Bambu with a copy of each Nondisclosure and Noncompetition Agreement signed by individuals with access to Confidential Information?

According to Bambu's 2025 Franchise Disclosure Document, a franchisee must provide Bambu with a copy of each Nondisclosure and Noncompetition Agreement immediately following its execution by individuals who have access to confidential information. This includes officers, directors, partners, shareholders, members, managers, employees, and their immediate family members if Bambu requires them to sign such an agreement. The franchisee must also provide these agreements upon Bambu's request thereafter.

This requirement ensures that Bambu can maintain control over its confidential information and protect its business interests. The Nondisclosure and Noncompetition Agreements are designed to prevent unauthorized disclosure or use of Bambu's proprietary information, which could cause significant harm to the company. By requiring franchisees to submit these agreements promptly, Bambu can monitor compliance and take action if any breaches occur.

For a prospective Bambu franchisee, this means they need to have a system in place to ensure that all relevant individuals sign the Nondisclosure and Noncompetition Agreements and that copies are provided to Bambu immediately after signing. This is an ongoing obligation, as new employees or family members may need to sign the agreement during the term of the franchise. Failure to comply with this requirement could result in penalties or other enforcement actions by Bambu.

This type of requirement is fairly standard in franchising, particularly for systems that rely heavily on proprietary information and trade secrets. Franchise agreements often include provisions to protect the franchisor's confidential information, and requiring signed agreements from individuals with access to that information is a common way to enforce those provisions.