What is the definition of 'General Terms' in the Stripe Services Agreement for Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Bonchon Franchise Disclosure Document, the 'General Terms' within the Stripe Services Agreement are not explicitly defined. However, the document does provide context for where these terms fit within the broader agreement. The Stripe Services Agreement includes both General Terms and Services Terms, with the Services Terms applying to specific Stripe services. If there's a conflict between the General Terms and the Services Terms, the Services Terms take precedence unless otherwise stated.
The FDD excerpt indicates that Stripe may modify the General Terms at any time by posting a revised version on the Stripe Legal Page or by notifying the user. It is the user's responsibility to check the Stripe Legal Page regularly for modifications. The last modification date for these General Terms is listed under the "General Terms" heading.
For a prospective Bonchon franchisee, it's important to understand that the General Terms form a foundational part of the agreement with Stripe, governing the overall relationship and responsibilities. While the specific definition isn't provided, franchisees should pay close attention to any modifications and how these terms interact with the Services Terms applicable to the specific Stripe services they use for their Bonchon franchise.