Are the rights and remedies provided in the Bumble Roofing note cumulative or exclusive?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
No failure by the holder to exercise and no delay in exercising any right, remedy, or power hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, or power hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, or power.
The rights, remedies, and powers herein provided are cumulative and not exclusive of any other rights, remedies, or powers provided by law.
Source: Item 23 — RECEIPT (FDD pages 53–188)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the rights, remedies, and powers provided in the promissory note are cumulative and not exclusive of any other rights, remedies, or powers provided by law. This means that Bumble Roofing has multiple avenues for recourse if a franchisee defaults on the note.
This provision benefits Bumble Roofing, as it is not limited to a single course of action if a franchisee fails to meet their obligations under the promissory note. They can pursue any combination of legal and contractual remedies available to them.
For a prospective Bumble Roofing franchisee, this clause underscores the importance of meeting the financial obligations outlined in the promissory note. Failure to do so could expose the franchisee to a variety of legal actions and financial penalties, as Bumble Roofing is not restricted in the methods they can use to recover owed funds.