factual

Who is responsible for the payment of any costs and charges incurred in connection with payments to Bambu?

Bambu Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee shall be solely responsible for the payment of any costs and charges incurred in connection with the transfer and exchange of currency over and above any fees due or paid.

Source: Item 23 — Receipts (FDD pages 52–209)

What This Means (2025 FDD)

According to Bambu's 2025 Franchise Disclosure Document, the franchisee is solely responsible for covering any costs and charges associated with currency transfers and exchanges that exceed the standard fees due when making payments to Bambu. This means that if a franchisee needs to convert currency to U.S. dollars to pay Bambu, they will bear the burden of any additional fees or charges levied by financial institutions for this service.

This allocation of responsibility is fairly standard in franchising, as it ensures that Bambu receives the full payment amount due without having to absorb fluctuating currency exchange costs or transaction fees. It also simplifies Bambu's accounting processes, as all payments are to be made in U.S. dollars, net of any taxes or withholdings. The exchange rate used for calculating payments will be the rate published in The Wall Street Journal on the day the payment is due; however, if a payment is late, Bambu will use the exchange rate on either the due date or the actual payment date, whichever results in a greater amount to Bambu.

For a prospective Bambu franchisee, this means they need to factor in potential currency exchange costs and transfer fees when budgeting for ongoing payments to Bambu, especially if they are operating outside of the United States. It would be prudent to investigate the typical fees charged by their local banks or financial institutions for currency conversions and international money transfers to accurately estimate these costs. Franchisees should also ensure timely payments to avoid any discrepancies in exchange rates that could result in higher payment amounts.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.