What is the deadline for notifying Bonchon after an Operating Principal's death, disability, or termination of employment?

According to Bonchon's 2025 Franchise Disclosure Document, if an Operating Principal dies, becomes disabled, or terminates employment, the franchisee must notify Bonchon immediately, but no later than 5 days from the event's occurrence. Additionally, the franchisee must designate a successor or acting Operating Principal within 10 days from the occurrence of the event.

This requirement ensures that Bonchon is promptly informed of any changes in the leadership of the franchised business. The immediate notification allows Bonchon to provide support and guidance during the transition period. The 5-day notification deadline provides a short window to ensure compliance.

The designation of a successor or acting Operating Principal within 10 days is crucial for maintaining the continuity of the business. This ensures that there is always an individual with the authority to make decisions and act on behalf of the franchisee. The successor Operating Principal must be approved by Bonchon and may need to complete the Initial Training Program or Partner Training Program, depending on their role in the restaurant's daily operations.

These stipulations are designed to protect Bonchon's brand standards and operational consistency across all franchise locations. By requiring prompt notification and a quick replacement, Bonchon aims to minimize any potential disruptions to the business and maintain the quality of service and products offered to customers.