What does Bonchon's representative affirm to Stripe regarding User Information?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You and your Representative individually affirm to Stripe that (a) your Representative is authorized to provide User Information on your behalf and to bind you to this Agreement; and (b) your Representative is an executive officer, senior manager or otherwise has significant responsibility for the control, management or direction of your business. Stripe may require you or your Representative to provide additional information or documentation demonstrating your Representative's authority.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the agreement with Stripe requires that both the franchisee (as the business) and their representative affirm certain conditions to Stripe. Specifically, the representative confirms to Stripe that they are authorized to provide User Information on behalf of the Bonchon franchisee and that they have the authority to legally bind the franchisee to the Stripe agreement.
Furthermore, the representative confirms that they hold a significant position within the Bonchon franchise, such as an executive officer, senior manager, or someone with substantial control over the business's operations. This affirmation ensures that the person interacting with Stripe has the appropriate level of responsibility and authority within the franchise to manage financial and user-related information.
Bonchon, or Stripe, may ask the representative to supply more information or paperwork to prove the representative's authority. This requirement protects Stripe by ensuring that they are dealing with an authorized individual and protects the Bonchon franchisee by ensuring that only authorized individuals can make changes to the Stripe account or provide User Information.