What is a Bambu franchisee required to do with the Nondisclosure and Noncompetition Agreement after it is signed?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Bambu reserves the right to require that Franchisee cause each of its officers, directors, partners, shareholders, members, managers, and employees (including employed Bambū Certified Team Leaders) who have access to the Confidential Information, and their immediate family members, to execute and submit to Bambu a Nondisclosure and Noncompetition Agreement containing the above restrictions, in a form approved by Bambu containing the restrictive covenants of this Agreement.
If Bambu requires any immediate family member to execute a Nondisclosure and Noncompetition Agreement subsequent to the execution of this Agreement by Franchisee, Franchisee must use its best efforts to cause that immediate family member to execute the Nondisclosure and Noncompetition Agreement.
Franchisee will provide to Bambu a copy of each Nondisclosure and Noncompetition Agreement signed by any such individual immediately following its execution and thereafter upon Bambu's request.
Source: Item 14 — Patents, Copyrights, and Proprietary Information (FDD page 42)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a franchisee is required to provide Bambu with a copy of each Nondisclosure and Noncompetition Agreement signed by individuals such as officers, directors, partners, shareholders, members, managers, and employees (including employed Bambū Certified Team Leaders) who have access to confidential information, and their immediate family members. This copy must be provided immediately following its execution and thereafter upon Bambu's request.
This requirement ensures that Bambu maintains control over its confidential information and can enforce the non-disclosure and non-competition terms against anyone with access to it. By requiring franchisees to submit these agreements, Bambu can track who has agreed to these terms and take appropriate action if a breach occurs.
For a prospective Bambu franchisee, this means they must ensure that all relevant individuals associated with their franchise operation sign the Nondisclosure and Noncompetition Agreement. Furthermore, the franchisee must maintain accurate records of these signed agreements and promptly provide copies to Bambu as required, both immediately after signing and upon any subsequent requests from Bambu. Failure to comply with this requirement could potentially lead to breaches of the franchise agreement and possible legal repercussions.