What is the maximum amount of general damages for which the Stripe Parties will be liable to Bonchon franchisees in relation to the agreement or services?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
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https://stripe.com/legal/ssa 16/46
omissions or losses in or to any Protected Data or Stripe Data; (f) Content; or (g) your [or
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Stripe Parties' liability to Bonchon franchisees for general damages related to the agreement or services is limited. The maximum amount for which the Stripe Parties will be liable is the greater of two amounts. The first is the total amount of fees the franchisee paid to Stripe (excluding pass-through fees levied by Financial Partners) during the three-month period immediately preceding the event that led to the liability. The second is $500 USD.
This limitation on liability means that a Bonchon franchisee cannot recover an unlimited amount for general damages from Stripe. Instead, the recovery is capped at a specific amount tied to the fees paid or a nominal $500, whichever is higher. This could be a significant consideration for franchisees if they experience substantial damages due to Stripe's actions or services.
It is important for prospective Bonchon franchisees to understand this limitation, as it could impact their ability to recover losses in case of issues with Stripe's services. Franchisees should consider this limitation when assessing the risks associated with using Stripe for payment processing and other services related to their Bonchon franchise.