Can the Bambu MUD Agreement be executed via electronic signatures?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.16. Counterparts; Electronic Signatures. This MUD Agreement and any riders and addenda hereto may be executed in any number of identical counterparts and via electronic signatures, and each such counterpart shall be deemed a duplicate original hereof.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the MUD (Multi-Unit Development) Agreement and any associated riders and addenda can be executed in counterparts and via electronic signatures. This means that franchisees are not required to sign a physical copy of the agreement, offering flexibility and convenience in the signing process. Each counterpart, whether physical or electronic, is considered an original.
This clause simplifies the agreement process, especially for franchisees who are not located near Bambu's headquarters or who prefer digital document management. It aligns with modern business practices, reducing the time and costs associated with traditional mail or in-person signing. Franchisees should ensure they have the necessary technology to participate in electronic signing, such as a reliable internet connection and compatible software.
While electronic signatures are permitted, it is important for franchisees to understand all terms and conditions outlined in the MUD Agreement. This includes any riders or addenda that may be incorporated. Franchisees should carefully review the entire document, seek legal counsel if needed, and ensure they are fully aware of their obligations and rights before signing, whether electronically or in person.