What happens if Bonchon's representative does not meet the age requirements outlined in the Stripe Services Agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are a sole proprietor, and you are not old enough to enter into a contract on your own behalf (which is commonly but not always 18 years old), but you are 13 years old or older, your Representative must be your parent or legal guardian. If you are a legal entity that is owned, directly or indirectly, by an individual who is not old enough to enter into a contract on their own
behalf, but the individual is 13 years old or older, your Representative must obtain the consent of either your board or an authorized officer. The approving board, authorized officer, parent or legal guardian is responsible to Stripe and is legally bound to this Agreement as if it had agreed to this Agreement itself. You must not use the Services if you are under 13 years of age.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, if a sole proprietor is not old enough to enter into a contract (typically 18 years old) but is at least 13 years old, their representative must be their parent or legal guardian. Similarly, if a legal entity is owned by someone under the age to enter a contract, but is 13 or older, their representative must obtain consent from their board or an authorized officer. The approving board, authorized officer, parent, or legal guardian is responsible to Stripe and legally bound to the agreement. The document explicitly states that you must not use the Services if you are under 13 years of age.
This requirement ensures that there is always a legally responsible party associated with the Bonchon franchise's Stripe account. This is particularly important for younger owners or entities managed by individuals who are not yet adults, as it provides Stripe with recourse in case of any issues or liabilities arising from the use of their services.
For a prospective Bonchon franchisee, this means ensuring that if they are not of legal age to enter into contracts, they must have a parent, legal guardian, or authorized officer who can legally represent them and be responsible for the Stripe Services Agreement. Failure to comply with these age and representation requirements could lead to issues with payment processing and potential legal complications for the franchise.