What does a Bonchon franchisee represent and warrant regarding their location and High-Risk status when using Stripe Technology?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You must not use or otherwise export, re-export or transfer the Stripe Technology except as authorized by United States law and the laws of the jurisdiction(s) in which the Stripe Technology was distributed and obtained, including by providing access to Stripe Technology (a) to any individual or entity ordinarily resident in a High-Risk Jurisdiction; or (b) to any High-Risk Person. By using the Stripe Technology, you represent as of the Effective Date and warrant during the Term that you are not (x) located in or organized under the laws of any High-Risk Jurisdiction; (y) a High-Risk Person; or (z) owned 50% or more, or controlled, by individuals and entities (i) located in or, as applicable, organized under the laws of any High-Risk Jurisdiction; or (ii) any of whom or which is a High-Risk Person. You must not use the Stripe Technology for any purposes prohibited by Law, including the development, design, manufacture or production of missiles, nuclear, chemical or biological weapons.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, when using Stripe Technology, a franchisee represents and warrants that they are not located in or organized under the laws of any High-Risk Jurisdiction. They also warrant that they are not a High-Risk Person, nor are they owned 50% or more, or controlled by individuals or entities located in High-Risk Jurisdictions or who are High-Risk Persons.
This means that Bonchon franchisees must ensure they, their business, and their ownership structure do not fall under any categories that Stripe deems high-risk. This is to comply with United States law and the laws of the jurisdictions in which the Stripe Technology was distributed and obtained.
The franchisee must not use Stripe Technology for purposes prohibited by law, including the development, design, manufacture, or production of missiles, nuclear, chemical, or biological weapons. This is a standard clause to ensure compliance with export control laws and prevent the use of the technology for illegal activities.
It is important for prospective Bonchon franchisees to review the Stripe Restricted Business List to understand what constitutes a High-Risk Person or activity. They should also ensure they are not located in a High-Risk Jurisdiction to avoid violating these terms and potentially losing access to Stripe Technology.