What is the purpose of including the link to Stripe's Services Agreement (SSA) in the Bonchon agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
will cease immediately with respect to all Customer franchised locations of Authorized Operator; and
- ii. neither party will have any further obligations to the other, except for those obligations that either expressly or by their nature survive such termination, including Authorized Operator's payment to Olo of all fees accrued prior to the termination date.
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- All notices and other communications sent under these AO T&Cs must be in writing (including by email) and will be deemed effective when delivered. The notice contact information for Authorized Operator shall be the contact information provided by Authorized Operator to Olo during the onboarding process.
- 12. These AO T&Cs are governed by and construed in accordance with the laws of New York, without regard to the conflicts of law rules thereof.
Stripe Services Agreement — United States
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General Terms
Definitions
Services Terms
Read more about the changes made on December 15 here.
Welcome to Stripe!
This Stripe Services Agreement includes this introduction, the General Terms, Definitions, Services Terms, and incorporated documents and terms ("Agreement") and forms a legal agreement between Stripe, Inc. ("Stripe") and you or the entity you represent ("you" and "your"). This Agreement governs your use of the Services.
This Agreement is effective upon the date you first access or use the Services ("Effective Date") and continues until you or Stripe terminates it (this period, the "Term"). Capitalized terms used in this Agreement that are not defined inline are defined in the Definitions.
As referenced in Section 13 of the General Terms, any dispute between you and Stripe is subject to a class action waiver and must be resolved by individual binding arbitration. Please read the arbitration provision in this Agreement as it affects your rights under this Agreement.
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the inclusion of the link to Stripe's Services Agreement (SSA) is to define the legal terms and conditions under which Bonchon franchisees will use Stripe's services for payment processing. Stripe is a third-party service that Bonchon utilizes, and the SSA outlines the rights, obligations, and restrictions for both Stripe and the user (in this case, the Bonchon franchisee). This ensures that franchisees are legally bound to Stripe's terms when using their services.
The Stripe Services Agreement covers various aspects, including eligibility requirements for using Stripe, the responsibilities of the business representative, and specific terms related to the services provided by Stripe. It also addresses service modifications, updates, and potential restrictions on how the services can be used. By incorporating the SSA, Bonchon ensures that franchisees are aware of and compliant with Stripe's policies, which may affect how they conduct transactions and manage their Stripe accounts.
Furthermore, the SSA includes clauses about dispute resolution, such as the requirement for individual binding arbitration and a class action waiver, which are important for franchisees to understand. The agreement also defines key terms related to Stripe's services, such as 'Stripe Account,' 'Stripe API,' and 'Stripe Connect Services,' providing clarity on the functionalities and components involved. This comprehensive approach helps protect both Bonchon and its franchisees by establishing a clear legal framework for using Stripe's payment processing services.