What specific technologies are included in the 'Stripe Technology' that a Bonchon franchisee is restricted from exporting?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You must not use or otherwise export, re-export or transfer the Stripe Technology except as authorized by United States law and the laws of the jurisdiction(s) in which the Stripe Technology was distributed and obtained, including by providing access to Stripe Technology (a) to any individual or entity ordinarily resident in a High-Risk Jurisdiction; or (b) to any High-Risk Person. By using the Stripe Technology, you represent as of the Effective Date and warrant during the Term that you are not (x) located in or organized under the laws of any High-Risk Jurisdiction; (y) a High-Risk Person; or (z) owned 50% or more, or controlled, by individuals and entities (i) located in or, as applicable, organized under the laws of any High-Risk Jurisdiction; or (ii) any of whom or which is a High-Risk Person. You must not use the Stripe Technology for any purposes prohibited by Law, including the development, design, manufacture or production of missiles, nuclear, chemical or biological weapons.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the document does not specify the technologies included in the 'Stripe Technology'. However, the FDD does state that as a Bonchon franchisee, you are restricted from exporting, re-exporting, or transferring the Stripe Technology unless authorized by United States law and the laws of the jurisdictions where the Stripe Technology was distributed and obtained. This includes not providing access to the Stripe Technology to individuals or entities in High-Risk Jurisdictions or to High-Risk Persons.
This restriction also means that as a franchisee, you must represent and warrant that you are not located in or organized under the laws of any High-Risk Jurisdiction, are not a High-Risk Person, and are not owned or controlled by individuals or entities in High-Risk Jurisdictions or who are High-Risk Persons. Furthermore, you are prohibited from using the Stripe Technology for any purposes prohibited by law, including the development, design, manufacture, or production of missiles, nuclear, chemical, or biological weapons.
Given the lack of specific details about what constitutes 'Stripe Technology' within the FDD, it is important for a prospective Bonchon franchisee to seek clarification from Bonchon regarding the exact scope and nature of the Stripe Technology. Understanding the specific components of the Stripe Technology and the implications of these export restrictions is crucial for ensuring compliance and avoiding potential legal issues.