In the event of the franchisee's death or disability, how many days does the Franchise Agreement allow for assigning the Bambu franchise to an approved buyer?

According to Bambu's 2025 Franchise Disclosure Document, in the event of the franchisee's death or disability, the Franchise Agreement stipulates that the franchise must be assigned to an approved buyer within 180 days. This is detailed in Section 17.7 of the Franchise Agreement.

This provision ensures that in unforeseen circumstances such as death or disability, there is a defined process and timeline for transferring the Bambu franchise to a suitable, approved successor. This can provide some security for the franchisee's estate or family, as it allows for the continued operation of the business under new ownership, subject to Bambu's approval.

It is important for prospective franchisees to understand the conditions and requirements for such a transfer, including the criteria for buyer approval. This information helps in planning for business continuity and ensuring that the franchise can continue to operate smoothly even in challenging personal circumstances. Franchisees should review Section 17.7 of the Franchise Agreement for a complete understanding of their obligations and rights in such situations.