What agreements and understandings does the Bonchon agreement supersede?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT RIDER – 2025 DEVELOPMENT INCENTIVE PROGRAM (this "Rider") supplements and amends that certain Franchise Agreement, dated as of (the "Franchise Agreement"), between Bonchon Franchise LLC ("Franchisor") and ("Franchisee"). This Rider is incorporated into the Franchise Agreement and is dated and effective as of the date of execution of the Franchise Agreement. In the event of any ambiguity or conflict between the terms of this Rider and the terms of the Franchise Agreement, the terms of this Rider shall control and prevail.
To the extent any provision of this Agreement conflicts, violates or is inconsistent with any provision of the Bonchon Franchise LLC Area Development Agreement, the parties hereto agree that the provisions of such Area Development Agreement shall supersede the same and that the parties hereto shall enter into such amendments to this agreement as are necessary in order to make the relevant provisions consistent with or non-violative of the provisions of the Bonchon Franchise LLC Area Development Agreement.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Franchise Agreement Rider – 2025 Development Incentive Program supplements and amends the Franchise Agreement. In the event of any conflict between the terms of the Rider and the terms of the Franchise Agreement, the terms of this Rider shall control and prevail. Additionally, if a franchisee signs an Area Development Agreement, any conflicting provisions in the Franchise Agreement will be superseded by the Area Development Agreement. The franchisee will then need to make necessary amendments to ensure consistency with the Area Development Agreement.