What are the Services Terms of the Stripe Services Agreement for Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
The Services Terms contain specific terms governing the parties' rights and obligations related to the Services described in those Services Terms. If there are no Services Terms for a particular Stripe service, then only these General Terms govern. By accessing or using a Service, you agree to comply with the applicable Services Terms. If any term in these General Terms conflicts with a term in any Services Terms or set of terms incorporated by reference into this Agreement, then unless terms of lower precedence expressly state to the contrary, the order of precedence is: (a) the Services Terms; (b) these General Terms; and (c) all terms incorporated by reference into this Agreement. Your access to or use of the Services may also be subject to additional terms to which you agree through the Stripe Dashboard.
Stripe may modify the Services and Stripe Technology at any time, including adding or removing functionality or imposing conditions on use of the Services. Stripe will notify you of material adverse changes in, deprecations to, or removal of functionality from, Services or Stripe Technology that you are using. Stripe is not obligated to provide any Updates. However, if Stripe makes an Update available, you must fully install the Update by the date or within the time period stated in Stripe's notice; or, if there is no date or period stated in the notice, then no later than 30 days after the date of the notice.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Services Terms within the Stripe Services Agreement contain specific terms governing the rights and obligations of both parties related to the services described within those terms. The document specifies that if there are no specific Services Terms for a particular Stripe service, the General Terms of the agreement will govern. By using a service, the franchisee agrees to comply with the applicable Services Terms.
In the event of a conflict between the General Terms and the Services Terms, the Services Terms take precedence, followed by the General Terms, and then any terms incorporated by reference into the agreement. The franchisee's access to and use of the services may also be subject to additional terms agreed to through the Stripe Dashboard.
Stripe retains the right to modify the Services and Stripe Technology at any time, including adding or removing functionality or imposing conditions on the use of the Services. Stripe is obligated to notify the franchisee of any material adverse changes, deprecations, or removal of functionality from the Services or Stripe Technology that the franchisee is using. While Stripe is not obligated to provide updates, if an update is made available, the franchisee must install it fully by the date specified in Stripe's notice, or within 30 days if no date is specified. Franchisees should regularly check the Stripe Legal Page for modifications to the agreement.