What is the purpose of the Trainee Waiver, Assumption of Risk and Indemnification Agreement included as an exhibit to the Bonchon Franchise Agreement?

According to Bonchon's 2025 Franchise Disclosure Document, the Trainee Waiver, Assumption of Risk and Indemnification Agreement, included as Exhibit I to the Franchise Agreement, is a document that must be signed and returned to Bonchon by any attendee of the Initial Training Program or Partner Training Program before they can attend the training. This agreement is designed to protect Bonchon from potential liabilities associated with the training of franchisees and their staff.

The Initial Training Program and Partner Training Program are essential for franchisees and their managers. The Initial Training Program is for the General Manager and Manager and the Partner Training Program is for the Operating Principal. Both programs run for approximately 15 to 20 days at the Restaurant Support Center in Dallas, TX, or at a designated Bonchon Training Restaurant.

By signing the Trainee Waiver, Assumption of Risk and Indemnification Agreement, the trainee acknowledges the risks associated with the training and agrees to release Bonchon from any liability for injuries or damages that may occur during the training. This is a common practice in franchising to ensure that both the franchisor and franchisee understand their responsibilities and potential liabilities during the training process.