What agreement governs the use of Stripe services for Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
These Authorized Operator Terms & Conditions ("AO T&Cs") govern the use of the Services by the authorized Bonchon Franchise LLC franchisee that is accessing or using the Services ("Authorized Operator").
This agreement governs Connected Accounts' use of Stripe Connect Services, and describes how Connected Accounts and their third-party platform provider(s) may use the Stripe Connect Services. This Stripe Connected Account Agreement ("Connected Account Agreement") forms a legal agreement between Stripe, Inc. ("Stripe") and you or the entity you represent ("you" and "your"). This Connected Account Agreement governs your rights and obligations when your Stripe Account is enrolled with a third-party platform provider using Stripe Connect Services ("Stripe Connect Platform"). The Stripe Services Agreement is incorporated into this Connected Account Agreement by this reference. Capitalized terms not defined in this Connected Account Agreement (either inline or by hyperlink), are defined in the Stripe Services Agreement. To the extent that there is a conflict between the Stripe Services Agreement and this Connected Account Agreement related to your use of the Stripe Connect Services, this Connected Account Agreement will prevail.
The Services Terms contain specific terms governing the parties' rights and obligations related to the Services described in those Services Terms. If there are no Services Terms for a particular Stripe service, then only these General Terms govern. By accessing or using a Service, you agree to comply with the applicable Services Terms. If any term in these General Terms conflicts with a term in any Services Terms or set of terms incorporated by reference into this Agreement, then unless terms of lower precedence expressly state to the contrary, the order of precedence is: (a) the Services Terms; (b) these General Terms; and (c) all terms incorporated by reference into this Agreement. Your access to or use of the Services may also be subject to additional terms to which you agree through the Stripe Dashboard.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the use of Stripe services is governed by a few agreements. The "Authorized Operator Terms & Conditions" (AO T&Cs) govern the use of services by Bonchon franchisees who access or use the services. Additionally, the Stripe Connected Account Agreement governs the use of Stripe Connect Services by Connected Accounts, outlining the rights and obligations between Stripe, Inc. and the franchisee when their Stripe Account is enrolled with a third-party platform provider using Stripe Connect Services. The Stripe Services Agreement is incorporated into the Connected Account Agreement, and in case of conflict, the Connected Account Agreement prevails.
The General Terms also play a role, as they contain specific terms governing the rights and obligations related to the services described within those terms. If there are no specific Services Terms for a particular Stripe service, then the General Terms will govern. By using a service, the franchisee agrees to comply with the applicable Services Terms. In case of conflict between the General Terms and any Services Terms, the order of precedence is: (a) the Services Terms; (b) the General Terms; and (c) all terms incorporated by reference into the agreement. Access to or use of the services may also be subject to additional terms agreed to through the Stripe Dashboard.
These agreements collectively define the legal framework for Bonchon franchisees utilizing Stripe's services, covering aspects such as service terms, dispute resolution via individual binding arbitration, and the rights and responsibilities of both the franchisee and Stripe. Franchisees should carefully review all these documents to understand their obligations and rights when using Stripe's services for their Bonchon franchise.