What is the maximum total cure period allowed for a breach of the Bambu franchise agreement, including any extensions?

According to Bambu's 2025 Franchise Disclosure Document, a franchisee typically has 30 days to cure a breach of the franchise agreement after receiving written notice from Bambu. However, if the breach is of a nature that cannot be reasonably cured within this initial 30-day period, and the franchisee has started and continues to make good faith efforts to resolve the breach, Bambu may grant an additional reasonable period to cure the breach.

This additional cure period is not specifically defined with a maximum number of days. The extension is contingent on the franchisee's good faith efforts to rectify the breach, and Bambu retains the right to terminate the agreement with written notice if the breach remains unresolved. This flexibility allows Bambu to assess each situation individually and provide a cure period that is appropriate for the specific circumstances of the breach.

For a prospective franchisee, this means that while a 30-day cure period is standard, there is potential for an extension if genuine efforts are being made to correct the issue. It is important to maintain open communication with Bambu and document all steps taken to cure the breach to demonstrate good faith. The determination of what constitutes a 'reasonable period of time' ultimately lies with Bambu, so understanding their expectations and maintaining a cooperative approach is crucial.

It is also important to note that the cure period and termination rights may be subject to state laws, which could override the terms outlined in the franchise agreement. Franchisees should be aware of the specific laws in their state that may affect these provisions.