When signing the Bambu Closing Acknowledgment, what am I confirming regarding my reliance on information from Bambu Franchising, LLC?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
- 24.25 Acknowledgment.
BEFORE SIGNING THIS AGREEMENT, FRANCHISEE SHOULD READ IT CAREFULLY WITH THE ASSISTANCE OF LEGAL COUNSEL.
THE FRANCHISEE ACKNOWLEDGES THAT:
- (A) THE SUCCESS OF THE BUSINESS VENTURE CONTEMPLATED HEREIN INVOLVES SUBSTANTIAL RISKS AND DEPENDS UPON THE FRANCHISEE'S ABILITY AS AN INDEPENDENT BUSINESS PERSON AND ITS ACTIVE PARTICIPATION IN THE DAILY AFFAIRS OF THE BUSINESS, AND
- (B) NO ASSURANCE OR WARRANTY, EXPRESS OR IMPLIED, HAS BEEN GIVEN AS TO THE POTENTIAL SUCCESS OF SUCH BUSINESS VENTURE OR THE EARNINGS LIKELY TO BE ACHIEVED, AND
- (C) NO STATEMENT, REPRESENTATION OR OTHER ACT, EVENT OR COMMUNICATION, EXCEPT AS SET FORTH IN THIS DOCUMENT, AND IN ANY DISCLOSURE DOCUMENT SUPPLIED TO THE FRANCHISEE IS BINDING ON BAMBU IN CONNECTION WITH THE SUBJECT MATTER OF THIS AGREEMENT.
SIGNATURE PAGE TO FOLLOW
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to the 2025 Bambu Franchise Disclosure Document, signing the Closing Acknowledgment confirms several key points regarding your reliance on information from Bambu Franchising LLC. Specifically, it states that no statement, representation, or other act, event, or communication is binding on Bambu in connection with the franchise agreement, except as explicitly set forth in the franchise document itself and any disclosure document provided to you. This means that any promises, assurances, or representations made outside of these official documents are not legally binding on Bambu.
This acknowledgment is a standard practice in franchising, designed to protect the franchisor from claims based on verbal promises or understandings that are not documented in the Franchise Agreement or FDD. It reinforces the importance of carefully reviewing all written materials and seeking legal counsel to fully understand the terms of the franchise. A prospective Bambu franchisee should pay close attention to this clause and ensure that all material terms and conditions are clearly stated in the written agreements.
The FDD also emphasizes that the success of a Bambu franchise depends on the franchisee's abilities as an independent business person and their active participation in the daily operations. It explicitly states that no assurance or warranty, express or implied, has been given regarding the potential success of the business venture or the earnings likely to be achieved. This highlights the inherent risks involved in starting a new business and the importance of conducting thorough due diligence before investing in a Bambu franchise.
In essence, by signing the Closing Acknowledgment, a franchisee acknowledges that they are relying solely on the information contained in the official documents provided by Bambu and that their success depends on their own efforts and abilities. This underscores the need for prospective franchisees to carefully evaluate the opportunity and seek professional advice to make an informed decision.