Where can I find information on file retention policies in the Bonchon operating manual?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to abide by and faithfully adhere to the terms of each Franchise Agreement signed pursuant to this Agreement.
You further agree, in regard to your area development business hereunder, to abide by and faithfully adhere to our confidential operating manuals (the "Manuals"). The Manuals may take the form of one or more of the following: one or more loose leaf or bound volumes; bulletins; notices; videos; CD-ROMS; computer software; other electronic media; online postings; e-mail and/or electronic communications; facsimiles; or, any other now or hereafter developed medium capable of conveying the Manuals' contents. The Manuals will, among other things, set forth our operating systems, procedures, policies, methods, standards, specifications and requirements for operating your franchised Business. You must at all times operate your area development business in strict compliance with the Manuals. We have the right to prescribe additions to, deletions from or revisions of the Manuals (the "Supplements to the Manuals"), all of which will be considered a part of the Manuals. All references to the Manuals in this Agreement will include the Supplements to the Manuals. Supplements to the Manuals will become binding on you as if originally set forth in the Manuals, upon being delivered to you.
You further agree to develop and operate the Bonchon Businesses in strict compliance with all applicable laws, rules and regulations of all governmental authorities; to comply with all applicable wage, hour and other laws and regulations of the federal, state and local governments; to prepare and file all necessary tax returns; to pay all taxes imposed upon you related to the Bonchon Businesses; and, to obtain and keep in good standing all necessary licenses, permits and other required forms of governmental approval required of you.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the Bonchon operating manual contains critical information regarding the operation of the franchise. While the FDD excerpts discuss the confidential nature of the operating manual and the franchisee's obligation to maintain and protect this information, it does not explicitly detail file retention policies. The manual includes operating systems, procedures, policies, methods, standards, specifications, and requirements for running the Bonchon business.
The Bonchon franchise agreement emphasizes the importance of adhering to the operating manuals and all applicable laws and regulations. Franchisees must maintain accurate records of gross revenues and expenditures, as well as prepare and file all necessary tax returns. The FDD also states that upon termination of the franchise agreement, the franchisee must return all confidential information, including manuals, records, and files, to the franchisor.
Since the FDD excerpts do not provide specific details on file retention policies, it is important for a prospective Bonchon franchisee to directly inquire with the franchisor about these policies. Understanding the required retention periods for financial records, tax documents, and other business-related files is crucial for compliance and effective business management. A franchisee should ask Bonchon about the specific guidelines and requirements for retaining different types of business records.