In the Bambu MUD Agreement, what currency must payments be made in, unless otherwise noted?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
ed States Dollars in the United States of America will be the sole responsibility and at the sole expense of Franchisee.
- 8.13. Manner of Payment. All references in this MUD Agreement to the term "Dollars" or the symbol "$" refers to United States Dollars, and all payments made to Bambu, unless otherwise noted, must be paid in United States Dollars net of any taxes or withholdings. The exchange rate for calculating payments due will be the exchange rate published in The Wall Street Journal the day the payment is due. Franchisee shall be solely respons
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, all payments made to Bambu, unless otherwise specified, must be paid in United States Dollars, net of any taxes or withholdings. The term "Dollars" or the symbol "$" refers to United States Dollars in the context of the MUD Agreement.
The exchange rate used for calculating payments will be the rate published in The Wall Street Journal on the day the payment is due. If a payment is not made on the due date, Bambu will use the exchange rate on the due date or the actual payment date, whichever results in a greater amount to Bambu. If The Wall Street Journal is not published on the conversion date, Bambu will use the rate from the nearest prior publication date or a successor publication designated by Bambu.
Franchisees are responsible for all costs and charges associated with currency transfer and exchange, beyond any fees due or paid to Bambu. Bambu retains the right to modify payment instructions with prior written notice to the franchisee. This ensures that Bambu receives the correct amount in US Dollars, regardless of currency fluctuations or transaction costs incurred by the franchisee.