What is the franchisee's obligation regarding providing copies of Nondisclosure and Noncompetition Agreements to Bambu?
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 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the franchisee has specific obligations regarding Nondisclosure and Noncompetition Agreements. Bambu retains the right to mandate that the franchisee ensures its officers, directors, partners, shareholders, members, managers, employees (including Bambū Certified Team Leaders), and their immediate family members who have access to confidential information, execute and submit a Nondisclosure and Noncompetition Agreement. This agreement must be in a form approved by Bambu and contain restrictive covenants.
The franchisee is obligated to use their best efforts to ensure that any immediate family member required by Bambu to sign a Nondisclosure and Noncompetition Agreement does so. This obligation arises if Bambu requests such an agreement after the franchisee has already signed the Franchise Agreement.
Critically, the franchisee must provide Bambu with a copy of each signed Nondisclosure and Noncompetition Agreement immediately after it is executed by the relevant individual. Furthermore, the franchisee must provide these copies upon Bambu's request at any time thereafter, ensuring Bambu maintains records of these agreements.