What agreement must be signed by a Bonchon franchisee's Operating Principal (without ownership interest), General Manager, Area Manager, managerial personnel, and non-managerial personnel?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Your Operating Principal (if he/she does not hold an ownership interest in you), General Manager, Manager, Area Manager (if applicable), the other persons listed in Item 14 and all of your nonmanagerial personnel must sign our Confidentiality Agreement (Exhibit F to the Franchise Agreement and Exhibit D to the Area Development Agreement) and maintain the confidentiality of our confidential and proprietary information(see Item 14).
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 68–69)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Operating Principal (if he/she does not hold an ownership interest), General Manager, Area Manager, other managerial personnel, and all non-managerial personnel must sign Bonchon's Confidentiality Agreement. This agreement is detailed in Exhibit F to the Franchise Agreement and Exhibit D to the Area Development Agreement.
This requirement ensures that all individuals involved in the operation of the Bonchon franchise are legally bound to protect the company's confidential and proprietary information. This includes knowledge, trade secrets, and know-how related to the Bonchon System and the Manuals, as well as other matters specified in the Franchise Agreement.
As a prospective franchisee, it is important to understand the scope of this Confidentiality Agreement and ensure that all relevant personnel are willing to sign and adhere to its terms. Failure to comply with this requirement could result in a breach of the franchise agreement and potential legal consequences. This is a fairly standard practice in franchising, as franchisors need to protect their intellectual property and operational methods.