If Bambu requires a franchisee's immediate family member to sign a Nondisclosure and Noncompetition Agreement, what obligation does the franchisee have?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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, if Bambu requires an immediate family member of the franchisee to execute a Nondisclosure and Noncompetition Agreement after the franchisee has signed the Franchise Agreement, the franchisee must use their best efforts to ensure that the family member signs the agreement.
Furthermore, the franchisee is obligated to provide Bambu with a copy of the Nondisclosure and Noncompetition Agreement immediately after it has been signed by the family member. The franchisee must also provide additional copies upon Bambu's request.
This requirement ensures that Bambu can protect its confidential information and maintain a consistent standard of non-disclosure and non-competition across its franchise network. It places a responsibility on the franchisee to actively participate in securing these agreements from their immediate family members, highlighting the importance Bambu places on safeguarding its business interests.