What happens if a Bonchon franchisee attempts to assign or transfer the Agreement in violation of the assignment terms?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Any actual or attempted assignment, transfer or sale of this Agreement, the franchise conveyed hereunder, the franchised Business, your franchised Bonchon Restaurant, any ownership interest in you (if you are a business entity), any of the other interests, rights or privileges identified in the preceding paragraph, or any interest in any of these, in violation of the terms of this Article 14, will be null, void and of no effect, and will be a material and incurable breach of this Agreement which, unless we waive to the breach, will entitle us to terminate this Agreement immediately upon notice to you, with no opportunity to cure.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, any attempt to assign or transfer the Franchise Agreement, the franchise itself, the franchised business, or any related rights in violation of the agreement's terms will be considered null and void.
Furthermore, Bonchon will regard such an attempt as a material and incurable breach of the Franchise Agreement. This means that Bonchon has the right to terminate the agreement immediately upon notifying the franchisee.
Critically, the franchisee will not be given an opportunity to correct or remedy the breach. This clause underscores the importance Bonchon places on controlling who operates its franchises and ensures strict adherence to the established transfer protocols.