What is the timeframe for discharging an execution levied against the Bambu franchisee's business to avoid termination?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
If any material judgment (or several judgments which in the aggregate are material) is obtained against Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against Franchisee's business or any of the property used in the operation of the Bambū shoppe and is not discharged within five days; or if the real or personal property of Franchisee's business shall be sold after levy thereupon by any sheriff, marshal or constable.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a franchisee has a limited time to resolve certain financial or legal issues to avoid potential termination of their franchise agreement. Specifically, if an execution is levied against the franchisee's business or any property used in the operation of the Bambu shop, the franchisee has only five days to discharge it.
This means the franchisee must take immediate action to resolve the issue, such as paying the debt or negotiating a settlement. Failure to discharge the execution within this short timeframe could lead to Bambu terminating the franchise agreement. This is a stricter timeline compared to unsatisfied material judgments, which allow 30 days for resolution.
This clause highlights the importance of maintaining sound financial management and addressing legal issues promptly. Prospective Bambu franchisees should be aware of this strict requirement and have contingency plans in place to handle any potential executions levied against their business to avoid jeopardizing their franchise agreement.