What is the Bonchon franchisee's responsibility to ensure compliance with export control laws throughout the term of the agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
The 2025 Bonchon Franchise Disclosure Document outlines the franchisee's broad responsibility to comply with all applicable laws and regulations. Specifically, Bonchon franchisees must operate their businesses in strict adherence to all laws, rules, and regulations set forth by governmental authorities. This includes compliance with federal, state, and local wage, hour, and other employment laws, as well as the preparation and filing of all necessary tax returns and the payment of all related taxes.
Furthermore, Bonchon franchisees are required to obtain and maintain all necessary licenses, permits, and other forms of governmental approval required to operate their Bonchon businesses. This encompasses all legal and regulatory requirements relevant to the specific location and nature of their operations.
While the FDD does not explicitly mention export control laws, the general requirement to comply with all applicable laws would include adherence to export control regulations if the Bonchon franchisee's business activities involve any form of exporting. A prospective franchisee should seek clarification from Bonchon regarding specific compliance procedures related to export control laws if they anticipate engaging in any export-related activities.