Does the guarantor have the right to approve or consent to any amendment or modification of the Franchise Agreement with Bambu?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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- His or her obligation and liability hereunder shall not be affected by any amendment or modification of the Agreement and he or she has no right to approve or consent to any such amendment or modification.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the guarantor does not have the right to approve or consent to any amendment or modification of the Franchise Agreement. The guarantor's obligations and liabilities remain unaffected by any changes made to the agreement.
Specifically, the guarantor is still bound by the original terms, even if Bambu and the franchisee agree to alter the agreement. This protects Bambu by ensuring that the guarantee remains in place regardless of any modifications made to the Franchise Agreement.
This provision is designed to provide Bambu with a consistent and reliable guarantee throughout the term of the agreement, regardless of any changes that may be made. It also clarifies that the guarantor cannot claim that their obligations are reduced or eliminated due to modifications they did not approve.