factual

In the Bambu franchise agreement, what currency does the term 'Dollars' or the symbol '$' refer to?

Bambu Franchise · 2025 FDD

Answer from 2025 FDD Document

All references in the Agreement to the term "Dollars" or the symbol "

Source: Item 23 — Receipts (FDD pages 52–209)

What This Means (2025 FDD)

According to Bambu's 2025 Franchise Disclosure Document, all references to "Dollars" or the symbol "$" within the franchise agreement refer to United States Dollars. This means that all payments made to Bambu, unless explicitly stated otherwise, must be paid in U.S. currency, net of any applicable taxes or withholdings.

For prospective franchisees, this clarifies that all financial obligations to Bambu, such as franchise fees, royalties, and other payments, are to be calculated and remitted in United States Dollars. This is a standard practice in franchise agreements, especially for franchises operating within the United States.

The FDD also specifies that the exchange rate for calculating payments will be the rate published in The Wall Street Journal on the day the payment is due. If a payment is not made on time, Bambu will use the exchange rate that results in a greater amount to Bambu, either the rate on the due date or the rate on the actual payment date. The franchisee is responsible for all costs associated with currency transfers and exchanges.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.