In the Bonchon franchise agreement, what information is required in the signature block if the franchisee is an individual?

According to Bonchon's 2025 Franchise Disclosure Document, if the franchisee is an individual, the signature block of the receipt requires the franchisee's signature and printed name. This indicates that Bonchon requires a physical acknowledgement of the receipt of the disclosure document, ensuring that individual franchisees are clearly identified and have personally signed to confirm their understanding. This is a standard practice in franchising to document that the franchisee has received and reviewed the FDD before entering into an agreement.

This requirement ensures that Bonchon has a clear record of who received the FDD, which is essential for legal and compliance purposes. By requiring both a signature and printed name, Bonchon minimizes ambiguity about the identity of the person signing the document. This helps to prevent disputes later on regarding whether the franchisee was properly informed before signing the franchise agreement.

Prospective franchisees should ensure they carefully review the entire Franchise Disclosure Document and all related agreements before signing the receipt. They should also retain a copy of the signed receipt for their records. If there are any questions or concerns about the information contained in the FDD, franchisees should seek legal counsel before proceeding with the franchise agreement.