What page of the Bambu FDD discusses the term of the Bambu franchise agreement?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
18. TERM AND EXPIRATION
- 18.1 Term.
The term of this Agreement is for a period of 10 years from the date of this Agreement, unless sooner terminated as provided herein.
Franchisee agrees to operate the Bambū shoppe for the entire term of this Agreement.
- 18.2 Continuation.
If for any reason, Franchisee continues to operate the shoppe beyond the term of this Agreement or any subsequent successor franchise period, it shall be deemed to be on a month-to-month basis under the terms of this Agreement and subject to termination upon 30 days' written notice or as required by law.
If said holdover period exceeds 90 days, this Agreement is subject to immediate termination unless applicable law requires a longer period.
Upon termination after any hold-over period, Franchisee and those in active concert with Franchisee, including family members, officers, directors, partners and managing agents, are subject to the terms of Sections 19.3, 19.4, 21.2 and 21.3 of this Agreement and all other applicable post-termination obligations contained in this Agreement.
- 18.3 Rights Upon Expiration.
At the end of the initial term hereof Franchisee may acquire successor franchise rights for an additional term (provided Bambu does not refuse to offer a successor franchise in accordance with Section 18.5 below), if Franchisee complies with all of the following:
- a.
At least 30 days prior to expiration of the term, executes the form of Franchise Agreement then in use by Bambu (for the same type of franchise as granted by this Agreement or an equivalent type then offered as determined by Bambu), which may have terms substantially different than those set forth in this Agreement.
- b.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the term and expiration of the franchise agreement is discussed on page 83. Specifically, section 18.1 states that the franchise agreement lasts for 10 years from the agreement date, unless terminated earlier as specified in the agreement. The franchisee must operate the Bambu shop for the entire 10-year term.
Section 18.2 addresses continuation beyond the initial term. If a franchisee continues to operate the shop after the agreement expires, it will be considered a month-to-month arrangement under the original agreement's terms. This month-to-month arrangement can be terminated with 30 days' written notice. If the holdover period exceeds 90 days, Bambu can immediately terminate the agreement, unless a longer period is required by law.
Section 18.3 outlines the franchisee's rights upon expiration of the initial term. A franchisee may be able to acquire successor franchise rights for another term if Bambu does not refuse to offer a successor franchise, and if the franchisee meets certain conditions. One condition is that at least 30 days before the term expires, the franchisee must execute the franchise agreement form then in use by Bambu, which may have substantially different terms than the original agreement.