When does the Stripe Services Agreement become effective for Bonchon?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement is effective upon the date you first access or use the Services ("Effective Date") and continues until you or Stripe terminates it (this period, the "Term"). Capitalized terms used in this Agreement that are not defined inline are defined in the Definitions.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Stripe Services Agreement becomes effective on the date a franchisee first accesses or uses the services. This date is referred to as the "Effective Date." The agreement remains in effect until either the franchisee or Stripe terminates it; this period is referred to as the "Term."
This means that a Bonchon franchisee is bound by the Stripe Services Agreement from the moment they begin using Stripe's services, such as payment processing. The agreement continues indefinitely until one party decides to terminate it.
It is important for prospective Bonchon franchisees to carefully review the Stripe Services Agreement to understand their rights and obligations, including terms related to service modifications, updates, and potential restrictions on how the services can be used. Franchisees should also note that Stripe may modify its services at any time, and it is the franchisee's responsibility to stay informed about any changes.