What is the full date that is recorded on the Bambu acknowledgement?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: March 31, 2025 I received a Disclosure Document dated March 31, 2025, that included the following Exhibits: Franchise Agreement (Exhibit A); Multi-Unit Development Agreement (Exhibit B); Nondisclosure and Noncompetition Agreement (Exhibit C); Closing Acknowledgment (Exhibit D); Successor Franchise Rider to Franchise Agreement (Exhibit E); Form of General Release (Exhibit F); Owner Operations Manual Table of Contents (Exhibit G); List of Franchisees (Exhibit H); List of Franchisees Who Have Left the System (Exhibit I); Financial Statements (Exhibit J); List of State Agencies/Agents for Service of Process (Exhibit K); and State Addenda to Disclosure Document (Exhibit L). Date: Signature of Prospective Franchisee (Do not leave blank) Print Name
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the issuance date on the receipt is March 31, 2025. The prospective franchisee must also fill in the date that they received the disclosure document.
This date is important because Bambu requires that it must provide the Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor, or an affiliate, in connection with the proposed franchise sale. New York requires that Bambu give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that Bambu give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
It is important for the prospective franchisee to accurately record the date they received the FDD, as this acknowledgement serves as proof that Bambu has met its legal obligations in providing the document within the mandated timeframe. This protects the franchisee by ensuring they have sufficient time to review the document and seek professional advice before making any binding commitments or payments.