After receiving the Bonchon Franchise Disclosure Document, what is the franchisee required to do promptly?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) Promptly upon receipt of the Franchise Disclosure Document, you must acknowledge receipt by executing the Receipt form prescribed in the Franchise Disclosure Document and promptly returning the Receipt to us.
- (3) Promptly upon our receipt of your signed Franchise Disclosure Document Receipt, but no sooner than fourteen business days but no later than thirty calendar days after we receive your signed Franchise Disclosure Document Receipt, we will deliver to you the Franchise Agreement. Promptly upon receipt, you must execute the Franchise Agreement and return it, along with the appropriate fees, to us.
If you fail to perform any of the acts or fail to deliver any of the notices required pursuant to the provisions of subsections (2) or (3) above in a timely fashion, this will be a material and incurable breach of this Agreement which, unless we waive the breach, will entitle us to terminate this Agreement immediately on notice to you, with no opportunity to cure.
You may return the signed receipt either by signing, dating, and mailing it to Bonchon Franchise LLC at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248 or by electronically executing, dating and returning it through the electronic signature platform that we require.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, after receiving the Franchise Disclosure Document (FDD), a prospective franchisee must promptly acknowledge receipt by executing the Receipt form included in the FDD and promptly returning it to Bonchon. This acknowledgment confirms that the franchisee has received the document. Bonchon must receive this signed receipt before proceeding further with the franchise agreement.
Specifically, Bonchon will deliver a copy of their current Franchise Disclosure Document, including the Franchise Agreement. Upon receiving this document, the franchisee must complete and return the Receipt form. After Bonchon receives the signed receipt, they will then deliver the Franchise Agreement to the franchisee, but no sooner than fourteen business days and no later than thirty calendar days after receiving the receipt. The franchisee must then promptly execute and return the Franchise Agreement with the appropriate fees.
Failure to promptly return the receipt or execute the Franchise Agreement can result in a material breach of the agreement, potentially leading to immediate termination of the agreement by Bonchon, unless Bonchon waives the breach. This emphasizes the importance of adhering to the specified timelines to avoid jeopardizing the franchise opportunity.
The receipt can be returned either by mailing it to Bonchon Franchise LLC at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248, or by electronically executing, dating, and returning it through the electronic signature platform that Bonchon requires.