What is the issuance date of the Bonchon disclosure document according to the receipt?

According to Bonchon's 2025 Franchise Disclosure Document, the issuance date of the disclosure document is March 5, 2025. This date is important because Bonchon must provide the disclosure document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make a payment to Bonchon. This allows potential franchisees time to carefully review the document and seek professional advice. New York and Michigan have slightly different requirements, mandating the document be provided earlier under certain circumstances. Specifically, New York requires the disclosure at the earlier of the first personal meeting or 10 business days before agreement execution or payment, while Michigan requires it at least 10 business days before either event.

The disclosure document contains critical information about the Bonchon franchise opportunity, including the franchise agreement, financial performance representations (if any), and other details necessary for making an informed investment decision. The receipt of this document is acknowledged through a signed receipt, which the franchisee must promptly return to Bonchon. This receipt serves as proof that Bonchon has met its legal obligations regarding disclosure.

If Bonchon fails to deliver the disclosure document on time, or if the document contains false or misleading statements or material omissions, it could constitute a violation of federal and state laws. In such cases, the franchisee has the right to report the violation to the Federal Trade Commission (FTC) and the relevant state agency. The issuance date on the receipt is a key element in verifying compliance with these regulations, ensuring that franchisees have adequate time and accurate information to evaluate the franchise opportunity.