What does the Stripe Services Agreement for Bonchon include?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
rietor, and you are not old enough to enter into a contract on your own behalf (which is commonly but not always 18 years old), but you are 13 years old or older, your Representative must be your parent or legal guardian. If you are a legal entity that is owned, directly or indirectly, by an individual who is not old enough to enter into a contract on their own
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https://stripe.com/legal/ssa 2/46
behalf, but the individual is 13 years old or older, your Representative must obtain the consent of either your board or an authorized officer. The approving board, authorized officer, parent or legal guardian is responsible to Stripe and is legally bound to this Agreement as if it had agreed to this Agreement itself. You must not use the Services if you are under 13 years of age.
2. Services and Support.
2.1 Services.
Stripe (and its Affiliates, as applicable) will make available to you the Services, including those described in the applicable Services Terms, and, if applicable, give you access to a Stripe Dashboard.
2.2 Services Terms; Order of Precedence.
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.
2.3 Service Modifications and Updates.
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.
2.4 Subcontracting.
Stripe may subcontract its obligations under this Agreement to third parties.
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2.5 Services Restrictions.
You may only use the Services for business purposes. You must not, and must not enable or allow any third party to:
- (a) use the Services for personal, family or household purposes;
- (b) act as service bureau or pass-through agent for the Services with no added value to Customers;
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 outlines the terms and conditions under which Stripe provides its services to users. The agreement grants users access to Stripe's services and a Stripe Dashboard, detailing the rights and obligations of both parties. It states that by using a service, the user agrees to comply with the applicable Service Terms. The agreement also specifies the order of precedence if there are conflicts between the General Terms and any Service Terms, with the Service Terms taking precedence unless otherwise stated.
Bonchon franchisees should note that Stripe can modify its services and technology at any time, including adding or removing features or imposing conditions on their use. Stripe is obligated to notify users of any significant adverse changes, deprecations, or removal of functionality. Franchisees must install any updates provided by Stripe within the specified timeframe, typically no later than 30 days after the notice date. Stripe also retains the right to subcontract its obligations under the agreement to third parties.
The agreement also includes stipulations regarding the use of services, restricting them to business purposes only. Users are prohibited from enabling or allowing any third party to violate these terms. Furthermore, the agreement grants Stripe a perpetual, worldwide, nonexclusive, irrevocable, royalty-free license to use any feedback provided by the user for any purpose related to Stripe's services. The agreement is effective from the date the user first accesses or uses the services and continues until terminated by either party. Any disputes are subject to a class action waiver and must be resolved through individual binding arbitration.
For a Bonchon franchisee, understanding the Stripe Services Agreement is crucial, as it governs the use of payment processing and other related services. Franchisees should pay close attention to the terms regarding service modifications, updates, and dispute resolution to ensure compliance and avoid potential disruptions to their business operations. Additionally, they should be aware of the restrictions on service usage and the implications of providing feedback to Stripe.