What must a Bambu franchisee do to be granted an extension beyond the initial 60-day cure period?

According to Bambu's 2025 Franchise Disclosure Document, if a franchisee's breach is curable but cannot be reasonably cured within the initial 30-day period, the franchisee may be granted an additional reasonable period of time to cure the breach. To qualify for this extension, the franchisee must have commenced and be continuing to make good faith efforts to cure the breach during the initial 30-day period.

This clause protects Bambu franchisees from immediate termination if they are actively working to resolve a breach that requires more than 30 days to fix. However, it's important to note that Bambu retains the right to provide written notice before the agreement automatically terminates. This means that even if a franchisee is making good faith efforts, Bambu can still terminate the agreement if they deem it necessary.

In practical terms, a Bambu franchisee facing a breach that requires more than 30 days to cure should immediately notify Bambu in writing, outlining the steps being taken to resolve the issue and the expected timeline for completion. Maintaining open communication and demonstrating a proactive approach is crucial for securing an extension and avoiding termination. The franchisee should also document all efforts made to cure the breach as evidence of their good faith efforts.