Under the Bambu franchise agreement, what section addresses renewal obligations?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligation | Section in Agreements | Disclosure Document Item |
|---|---|---|
| (u) Renewal | Section 18.3 of FA | Item 17 |
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 28–38)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the section in the Franchise Agreement that addresses renewal obligations is Section 18.3. This information is found in Item 11, which generally discusses the franchisor's assistance, advertising, computer systems, and training provided to franchisees.
Specifically, Item 11 includes a table that outlines various obligations and the corresponding sections in the Franchise Agreement (FA) and the Multi-Unit Development Agreement (MUDA) where these obligations are detailed. The table indicates that renewal obligations are covered in Section 18.3 of the Franchise Agreement.
For a prospective Bambu franchisee, this means that Section 18.3 of the Franchise Agreement will contain the specific terms and conditions under which the franchise agreement can be renewed for another term. It is important to carefully review this section to understand the requirements, timelines, fees, and any other obligations associated with renewing the franchise agreement.