How can a Bonchon franchisee terminate the Stripe Agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
6.3 Survival.
The following will survive termination of this Agreement:
- (a) provisions that by their nature are intended to survive termination (including Sections 4, 7.2, 9.4, 11, 12 and 13 of these General Terms); and
- (b) provisions that allocate risk, or limit or exclude a party's liability, to the extent necessary to ensure that a party's potential liability for acts and omissions that occur during the Term remains unchanged after this Agreement terminates.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Stripe agreement includes details about termination in Section 6.3. This section specifies that certain provisions, such as those concerning survival, risk allocation, and liability limitations, will remain in effect even after the agreement is terminated.
Specifically, Section 6.3(a) states that provisions intended to survive termination, including Sections 4, 7.2, 9.4, 11, 12, and 13 of the General Terms, will continue to be in effect. Additionally, Section 6.3(b) ensures that provisions related to risk allocation or liability remain unchanged after termination to cover acts or omissions that occurred during the agreement's term.
For a Bonchon franchisee, this means that even after the Stripe agreement ends, certain obligations and protections will persist. It is important for franchisees to understand which specific sections of the agreement continue to apply post-termination to ensure compliance and manage potential liabilities. Reviewing these sections carefully can help franchisees avoid unexpected issues related to the Stripe services after the agreement has ended.