What is a Bambu franchisee's obligation regarding providing copies of the Nondisclosure and Noncompetition Agreement?
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 the 2025 Bambu Franchise Disclosure Document, Bambu franchisees have specific obligations regarding the Nondisclosure and Noncompetition Agreement. Bambu reserves the right to require that a franchisee ensures that their officers, directors, partners, shareholders, members, managers, and employees (including Bambu Certified Team Leaders) with access to confidential information, along with their immediate family members, execute and submit a Nondisclosure and Noncompetition Agreement to Bambu. This agreement must be in a form approved by Bambu and contain the restrictive covenants outlined in the franchise agreement.
If Bambu requires an immediate family member to sign this agreement after the franchisee has already signed the franchise agreement, the franchisee must make their best effort to ensure that family member complies.
The franchisee is obligated to provide Bambu with a copy of each Nondisclosure and Noncompetition Agreement signed by any of the aforementioned individuals. This copy must be provided immediately following its execution and thereafter upon Bambu's request. This ensures that Bambu maintains records of all parties bound by the confidentiality and non-competition terms, allowing them to enforce these agreements if necessary.