What is the definition of 'you' in the Stripe Services Agreement for Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Stripe Connected Account Agreement defines "you" or "your" as the entity that the person represents when using Stripe Connect Services. Specifically, this applies when a Bonchon Stripe Account is enrolled with a third-party platform provider using Stripe Connect Services. In simpler terms, "you" refers to the Bonchon franchisee or the business entity they represent when interacting with Stripe through a platform like Stripe Connect. This definition is important for understanding the legal agreement between Stripe and the Bonchon franchisee regarding the use of Stripe's services.
Furthermore, the document clarifies that the Stripe Services Agreement is incorporated into the Stripe Connected Account Agreement. This means that the terms and conditions of the main Stripe Services Agreement also apply to the Connected Account Agreement. If there is any conflict between the two agreements, the Connected Account Agreement takes precedence regarding the use of Stripe Connect Services. This ensures that Bonchon franchisees using Stripe Connect Services are primarily governed by the terms specific to those services.
For a Bonchon franchisee, this means they are legally bound by both the Stripe Services Agreement and the Stripe Connected Account Agreement when using Stripe Connect Services. It is crucial for franchisees to understand both agreements to ensure compliance and to be aware of their rights and obligations. The definition of "you" clarifies who is responsible under these agreements, which is the franchisee's business entity.