In the Bonchon franchise agreement, what constitutes 'business days'?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
7.01 Execution of Franchise Agreements
You and we will execute a Franchise Agreement for each Bonchon Business provided for in the Development Schedule. Each Franchise Agreement will be in the form of our then-current Franchise Agreement, provided that your Initial Franchise Fee (as defined in the Franchise Agreement) will be modified as specified in Section 5.01 above. Each Franchise Agreement will be executed according to the following procedure:
- (1) Within a period of time we deem appropriate following the receipt of an executed lease in accordance with the terms in Section 7.02 below, we will deliver to you a copy of our thencurrent applicable Bonchon Franchise Disclosure Document, including our then-current applicable Bonchon Franchise Agreement, modified as provided above (collectively, the "Franchise Disclosure Document").
- (2) Promptly upon receipt of the Franchise Disclosure Document, you must acknowledge receipt by executing the Receipt form prescribed in the Franchise Disclosure Document and promptly returning the Receipt to us.
- (3) Promptly upon our receipt of your signed Franchise Disclosure Document Receipt, but no sooner than fourteen business days but no later than thirty calendar days after we receive your signed Franchise Disclosure Document Receipt, we will deliver to you the Franchise Agreement. Promptly upon receipt, you must execute the Franchise Agreement and return it, along with the appropriate fees, to us.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
I am unable to provide a definition of 'business days' within Bonchon's 2025 Franchise Disclosure Document. While the document uses the term 'business days' in the context of deadlines for executing franchise agreements, it does not explicitly define what days are considered business days.
For example, Item 7.01 discusses the execution of franchise agreements, stating that the franchisee will receive the Franchise Agreement no sooner than fourteen business days but no later than thirty calendar days after the franchisor receives the signed Franchise Disclosure Document Receipt. However, the FDD does not specify whether 'business days' includes weekends, holidays, or other days when typical businesses might be closed.
A prospective Bonchon franchisee should seek clarification from the franchisor regarding the definition of 'business days' to fully understand their obligations and deadlines under the franchise agreement. Specifically, they should ask whether weekends and public holidays are excluded when calculating deadlines expressed in business days.