Upon termination or expiration of the License Agreement or Franchise Agreement, what is the Bonchon licensee required to do with the Bonchon Software?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
The termination or expiration of this Agreement or of the Franchise Agreement for any reason whatsoever will not relieve Licensee of its obligations of confidentiality, protection and security under this Agreement, or of the restriction on copying and use as provided in this Agreement, with respect to the Bonchon Software.
Upon termination or expiration of this Agreement or of the Franchise Agreement for any reason, Licensee agrees to immediately return to Licensor the Bonchon Software, including, without limitation, all computer software, and return or delete any off-line copies the Licensee has of data that is proprietary to the Licensor, whether saved on memory drives, online or via other storage media (and any future technological substitutions for any of them).
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, upon termination or expiration of the License Agreement or Franchise Agreement for any reason, the licensee is obligated to take specific actions regarding the Bonchon Software. The licensee must immediately return to Bonchon the Bonchon Software, which includes all computer software.
In addition to returning the software, the licensee is also required to either return or delete any offline copies of data that are proprietary to Bonchon. This includes data saved on memory drives, online storage, or any other storage media, as well as any future technological substitutes for these.
Furthermore, the termination or expiration of the agreements does not relieve the licensee of their obligations of confidentiality, protection, and security concerning the Bonchon Software. The restrictions on copying and use of the software, as outlined in the agreement, remain in effect even after termination or expiration. This ensures that the licensee cannot continue to exploit the software or proprietary data after the agreement ends.