Who is the 'Franchisee' in the Bambu General Release?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| Deferred Non-refundable Franchise Fees: | | | |---|---|---| | Balance Beginning of year | $ 1,436,817 | $ 1,658,775 | | Deferral of non-refundable franchise fees | 345,500 | 362,500 | | Recognition of non-refundable franchise fees | (638,862) | (584,458) | | Balance at End of Year | $ 1,143,455 | 1,436,817 | 9. Release. Franchisee, for itself and its affiliates, and their respective current and former successors, assigns, officers, shareholders, directors, members, managers, agents, heirs and personal representatives ("Franchisee Affiliates"), hereby fully and forever unconditionally release and discharge Bambu and its affiliates, and their respective successors, assigns, agents, representatives, employees, officers, shareholders, directors, members, managers and insurers (collectively referred to as "Bambu Affiliates") from any and all claims, demands, obligations, actions, liabilities and damages of every kind and nature whatsoever ("Released Claims"), in law or in equity, whether known or unknown, which Franchisee or the Franchisee Affiliates may now have against Bambu or the Bambu Affiliates or which may hereafter be discovered.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the 'Franchisee' in the general release is defined as the franchisee itself, its affiliates, and their respective current and former successors, assigns, officers, shareholders, directors, members, managers, agents, heirs, and personal representatives, collectively referred to as "Franchisee Affiliates."
This definition is important because it clarifies who is giving up their rights when signing the general release. It's not just the individual franchisee, but also extends to a wide range of related parties and entities associated with the franchisee. This ensures that Bambu is protected from potential claims not only from the franchisee directly but also from those affiliated with them.
Prospective franchisees should carefully review the general release and understand the full scope of individuals and entities included in the definition of "Franchisee Affiliates" before signing. Given the broad scope, it is advisable for potential franchisees to seek legal counsel to fully understand the implications of the release.