What is the effective date of the Bambu General Release?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE ("Release") is made effective as of the date set forth on the signature page hereto by , individually and, a |
|---|
| [corporation/limited liability company] (collectively, "Franchisee") in favor of |
| Bambu Franchising LLC, a Colorado limited liability company ("Bambu") (collectively referred to as |
| "Parties"), who, on the basis of the following agreements, agree as follows: |
| A. |
| The |
| Parties |
| have |
| entered |
| into |
| that |
| certain |
| Franchise |
| Agreement |
| dated |
| , 20 ("Franchise Agreement"), which governs the development and |
| operation of a Bambū shoppe ("Bambū shoppe" or "shoppe") (to the extent not otherwise defined |
| herein, all initial-capitalized references shall have the same meaning as set forth in the Franchise |
| Agreement); |
| B. |
| Franchisee desires to transfer the Franchise Agreement, the ownership of Franchisee, or |
| the Bambū shoppe or some or all of the assets of the shoppe; |
| OR |
| B. |
| Franchisee desires to enter into a successor agreement to the existing Franchise |
| Agreement; |
| C. |
| The Bambu desires to consent to Franchisee's request subject to Franchisee's compliance |
| with the terms and conditions set forth in the Franchise Agreement including, without limitation, the |
| execution and delivery by Franchisee to Bambu of this Release. |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the General Release becomes effective on the date set forth on the signature page. The General Release is made by the franchisee in favor of Bambu Franchising LLC. The document outlines that the parties, based on specific agreements, agree to the terms of the release.
The agreements that lead to the general release are based on a few scenarios. One involves the franchisee's desire to transfer the Franchise Agreement, ownership, or assets of the Bambu shoppe. Another scenario is when the franchisee wants to enter into a successor agreement to the existing Franchise Agreement. Bambu's consent to the franchisee's request is contingent upon the franchisee's compliance with the Franchise Agreement's terms, including the execution and delivery of the General Release.
This means that the actual date the release takes effect is not predetermined in the Franchise Disclosure Document but is instead determined on a case-by-case basis and recorded on the signature page of the General Release document itself. A prospective franchisee should carefully review the circumstances under which they are asked to sign a General Release and understand the implications of the effective date.