What is the franchisee advised to do before signing the Bambu franchise agreement?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
- 24.25 Acknowledgment.
BEFORE SIGNING THIS AGREEMENT, FRANCHISEE SHOULD READ IT CAREFULLY WITH THE ASSISTANCE OF LEGAL COUNSEL.
THE FRANCHISEE ACKNOWLEDGES THAT:
- (A) THE SUCCESS OF THE BUSINESS VENTURE CONTEMPLATED HEREIN INVOLVES SUBSTANTIAL RISKS AND DEPENDS UPON THE FRANCHISEE'S ABILITY AS AN INDEPENDENT BUSINESS PERSON AND ITS ACTIVE PARTICIPATION IN THE DAILY AFFAIRS OF THE BUSINESS, AND
- (B) NO ASSURANCE OR WARRANTY, EXPRESS OR IMPLIED, HAS BEEN GIVEN AS TO THE POTENTIAL SUCCESS OF SUCH BUSINESS VENTURE OR THE EARNINGS LIKELY TO BE ACHIEVED, AND
- (C) NO STATEMENT, REPRESENTATION OR OTHER ACT, EVENT OR COMMUNICATION, EXCEPT AS SET FORTH IN THIS DOCUMENT, AND IN ANY DISCLOSURE DOCUMENT SUPPLIED TO THE FRANCHISEE IS BINDING ON BAMBU IN CONNECTION WITH THE SUBJECT MATTER OF THIS AGREEMENT.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a prospective franchisee should carefully read the franchise agreement with the assistance of legal counsel before signing it. The document emphasizes that the success of the Bambu business venture involves substantial risks and depends on the franchisee's abilities as an independent business person, as well as their active participation in the daily operations.
The FDD also states that Bambu does not provide any assurance or warranty, either express or implied, regarding the potential success of the business or the earnings that may be achieved. Furthermore, Bambu is only bound by the statements, representations, or other information explicitly outlined in the disclosure document and any supplements provided to the franchisee.
This acknowledgment serves to ensure that the franchisee is fully aware of the risks and responsibilities associated with the franchise and that they are not relying on any verbal or implied promises from Bambu that are not documented in the franchise agreement or disclosure documents. It is a standard practice in franchising to encourage franchisees to seek legal counsel to fully understand the terms and conditions of the agreement before committing to the franchise.