Does the Bambu franchise agreement require Bambu to provide notice before terminating for failure to make payments?

According to the 2025 Bambu Franchise Disclosure Document, Bambu has the right to terminate the franchise agreement with 30 days' written notice if the franchisee breaches any provision of the agreement, provided the franchisee fails to cure the default within that 30-day period. This is subject to any state laws to the contrary, where state law shall prevail.

This means that if a Bambu franchisee fails to make required payments, Bambu can initiate termination proceedings. However, the franchisee typically has 30 days after receiving written notice to correct the payment issue and avoid termination, unless state law dictates otherwise. It is important to note that this 30-day cure period does not apply to all defaults, as Bambu can terminate the agreement immediately upon notice for certain other breaches as outlined in Section 19.1 of the franchise agreement.

Prospective franchisees should be aware of the specific conditions under which Bambu can terminate the agreement and understand their rights and obligations regarding payments and other compliance matters. Franchisees should also consult with legal counsel to understand how state laws may affect the termination process and cure periods. Careful attention to these details can help franchisees avoid potential defaults and protect their investment in the Bambu franchise.