In the Bambu franchise agreement, what currency must payments be made in, unless otherwise noted?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
e payments to Bambu in United States Dollars in the United States of America will be the sole responsibility and at the sole expense of Franchisee.
- 24.20 Manner of Payment. All references in the Agreement to the term "Dollars" or the symbol "$" refers to United States Dollars, and all payments made to Bambu, unless otherwise noted, must be paid in United States Dollars net of any taxes or withholdings. The exchange rate for calculating payments due will be the exchange rate published in The Wall Street Journal the day the payment is due. If, for any reason whatsoever, a payment that is due to Bambu under this Agreement is not paid on the date that such payment is due, the exchange rate to be used shall be either the exchange rate published on the due date or the exchange rate published on the date that the payment is actually made, whichever results in a greater amount to Bambu. If The Wall Street Journal is not published on the date of conversion, the applicable exchange rate will be that rate published in The Wall Street Journal on the nearest date of publication prior to the date of conversion or by a successor or equivalent publication to be designated by Bambu in the event The Wall Street Journal ceases to be published or ceases to publish the applicable exchange rates. Bambu may designate and change payment instructions at any time on prior written notice to Franchisee. Franchisee shall be solely respons
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, all payments made to Bambu, unless otherwise specified, must be paid in United States Dollars, net of any taxes or withholdings. The franchise agreement specifies that all references to "Dollars" or the symbol "$" refer to United States Dollars.
For a prospective franchisee, this means that all fees, royalties, and other payments due to Bambu must be remitted in U.S. currency. This includes the initial franchise fee, ongoing royalty fees, marketing and technology fees, and any purchases made from Bambu or its affiliates. Franchisees operating outside of the United States will need to convert their local currency to U.S. dollars when making payments.
The agreement also clarifies how currency exchange rates are determined for calculating payments. The exchange rate published in The Wall Street Journal on the day the payment is due will be used. If a payment is not made on time, Bambu will use either the exchange rate on the due date or the exchange rate on the actual payment date, whichever results in a greater amount to Bambu. This protects the franchisor from currency fluctuations if a payment is late.
If The Wall Street Journal is not published on the date of conversion, the exchange rate from the nearest prior date of publication will be used. Bambu retains the right to modify payment instructions with prior written notice to the franchisee. The franchisee is responsible for covering all costs associated with currency transfers and exchanges.