What is the purpose of including the Stripe SSA link in the Bonchon agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
This agreement governs Connected Accounts' use of Stripe Connect Services, and describes how Connected Accounts and their third-party platform provider(s) may use the Stripe Connect Services. This Stripe Connected Account Agreement ("Connected Account Agreement") forms a legal agreement between Stripe, Inc. ("Stripe") and you or the entity you represent ("you" and "your"). This Connected Account Agreement governs your rights and obligations when your Stripe Account is enrolled with a third-party platform provider using Stripe Connect Services ("Stripe Connect Platform"). The Stripe Services Agreement is incorporated into this Connected Account Agreement by this reference. Capitalized terms not defined in this Connected Account Agreement (either inline or by hyperlink), are defined in the Stripe Services Agreement. To the extent that there is a conflict between the Stripe Services Agreement and this Connected Account Agreement related to your use of the Stripe Connect Services, this Connected Account Agreement will prevail.
You and Stripe agree as follows:
1. Key Definitions.
The following terms are defined in the Stripe Services Agreement, but are repeated below for your convenience (you are a Platform User and Connected Account as the Stripe Services Agreement defines those terms):
"Activity" means any action taken on or related to a Connected Account that a Stripe Connect Platform or a Connected Account initiates, submits or performs, either through the Stripe Technology or through the Stripe Connect Services, including communication regarding the Services relating to that Connected Account.
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 Stripe Services Agreement (SSA) link pertains to the use of Stripe Connect Services. The Stripe Connected Account Agreement forms a legal agreement between Stripe, Inc. and the user, governing the rights and obligations when a Stripe Account is enrolled with a third-party platform provider using Stripe Connect Services. In cases of conflict between the Stripe Services Agreement and the Connected Account Agreement related to the use of Stripe Connect Services, the Connected Account Agreement will take precedence.
For a Bonchon franchisee, this means that if they utilize Stripe Connect Services through a third-party platform, their use of those services will be governed by the Stripe Connected Account Agreement. This agreement outlines the terms and conditions for using Stripe's services in conjunction with a third-party platform. It is important for the franchisee to understand both the Stripe Services Agreement and the Stripe Connected Account Agreement to fully grasp their rights and responsibilities.
The agreement also defines key terms such as "Activity," which refers to any action taken on or related to a Connected Account initiated by a Stripe Connect Platform or a Connected Account. This includes communications regarding services related to that Connected Account. The agreement was last modified on December 15, 2023.
Therefore, the Stripe SSA link in the Bonchon agreement serves to inform franchisees of the legal terms governing their use of Stripe Connect Services, particularly when integrated with a third-party platform. Franchisees should review this agreement carefully to understand their obligations and rights when using Stripe's services in this context.