Which section of the Bonchon Area Development Agreement outlines the franchisee's obligation regarding records and reports?

According to Bonchon's 2025 Franchise Disclosure Document, Section 9.04 of the Area Development Agreement outlines the franchisee's obligations regarding records and reports. This information is found in Item 9, which details the franchisee's obligations under both the Area Development Agreement and the Franchise Agreement.

Specifically, Item 9 provides a table that cross-references various franchisee obligations with the corresponding sections in the Area Development Agreement and relevant items in the Disclosure Document. This table serves as a quick reference guide for franchisees to locate detailed information about their responsibilities. For the obligation of maintaining records and submitting reports, the table indicates that Section 9.04 of the Area Development Agreement contains the relevant details.

Prospective Bonchon franchisees should carefully review Section 9.04 of the Area Development Agreement to fully understand their obligations regarding record-keeping and reporting requirements. This includes the types of records that must be maintained, the frequency and format of reports, and the consequences of non-compliance. Understanding these obligations is crucial for the successful operation of a Bonchon franchise and to maintain a good standing with the franchisor.